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dc.contributor.authorDell'Erba, Salvatoreen_US
dc.contributor.authorSaldías Zambrana, Martinen_US
dc.date.accessioned2007-06-08en_US
dc.date.accessioned2009-08-06T10:03:15Z-
dc.date.available2009-08-06T10:03:15Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/27011-
dc.description.abstractThe Bolivian puzzle is high and persistent financial dollarization notwithstanding deep macroeconomic stabilization that achieved stable and low inflation and the regulations encouraging domestic currency deposits. We analyze traditional and new approaches to explain dollarization in Bolivia. We first assess the currency substitution approach and then assess the empirical evidence for the financial dollarization approach. The results show that the macroeconomic variables capture only partially the phenomenon and a better assessment relies on other explanations such as the peso problem and the analysis of specific characteristics of the financial markets in Bolivia.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel advanced studies working papers 432en_US
dc.subject.jelE44en_US
dc.subject.jelE59en_US
dc.subject.jelG19en_US
dc.subject.ddc330en_US
dc.subject.keywordDollarizationen_US
dc.subject.keywordExchange rate regimesen_US
dc.subject.keywordInflationen_US
dc.subject.keywordBoliviaen_US
dc.titleFinancial dollarization and currency substitution: an empirical study for Boliviaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn531152723en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kiel Advanced Studies Working Papers, IfW

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