Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/176604 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Documento de Trabajo No. 07/7
Verlag: 
Universidad Católica Boliviana, Instituto de Investigaciones Socio-Económicas (IISEC), La Paz
Zusammenfassung: 
Public debt profiles have improved in Bolivia recently; in particular by extending the maturity structure and increasing the proportion of debt issued in domestic currency. This paper analyzes trends in public domestic debt in Bolivia since 2000, and the role of macroeconomic fundamentals and the debt management strategy adopted by the authorities. We analyze their role using transfer function models that suggest that both were critical in improving debt profiles, in particular the strengthening of the fiscal and international reserves positions, the recent appreciation of the Boliviano, and new prudential regulation that promotes the use of the latter. We also compare debt profiles with other countries in Latin America, and found that there is still room for improvement, both in terms of maturity structure and currency composition.
Schlagwörter: 
Bolivia
debt profiles
maturity structure
currency composition
JEL: 
E44
E52
G18
H63
Dokumentart: 
Working Paper

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