Currency Substitution : The Recent Experience of Bolivia

The Recent Experience of Bolivia

Currency Substitution : The Recent Experience of Bolivia
This paper analyzes the determinants of currency substitution in Bolivia in the period following the 1984/85 hyperinflation. We find that expected exchange rate depreciation and actual interest rate differentials between boliviano and dollar deposits in the Bolivian banking system are statistically significant determinants of the degree of... READ MORE...

Publication date: August 1992
ISBN 9781451848618
$15.00

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