DesdolarizaciÃ³n financiera en Bolivia
Marco Del Río Rivera () and
Casto Montero Kuscevic
Estudios Económicos, 2014, vol. 29, issue 1, 3-25
Using data for the period 1990-2010 and a portfolio optimization approach, we identify the causes of the process of financial de-dollarization in Bolivia (bolivianization). Cointegration tests showed the existence of a long-run relationship between de-dollarization and the optimizing portfolio approach. Additionally, we found that the Tax to Financial Transactions and the exchange rate spread are the most influential variables to determine bolivianization.
Keywords: dollarization; monetary policy; cointegration models. (search for similar items in EconPapers)
JEL-codes: C32 E42 E52 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:29:y:2014:i:1:p:3-25
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