Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27011 
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dc.contributor.authorDell'Erba, Salvatoreen
dc.contributor.authorSaldías Zambrana, Martinen
dc.date.accessioned2007-06-08-
dc.date.accessioned2009-08-06T10:03:15Z-
dc.date.available2009-08-06T10:03:15Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Advanced Studies Working Papers |x432en
dc.subject.jelE44en
dc.subject.jelE59en
dc.subject.jelG19en
dc.subject.ddc330en
dc.subject.keywordDollarizationen
dc.subject.keywordExchange rate regimesen
dc.subject.keywordInflationen
dc.subject.keywordBoliviaen
dc.titleFinancial dollarization and currency substitution: an empirical study for Bolivia-
dc.typeWorking Paperen
dc.identifier.ppn531152723en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwasw:432en

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