European Parliament Library

Bolivia :, Selected Issues

This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia’s foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 percent of GDP. The accumulation of foreign assets stemmed primarily from a persistent current account surplus, in the context of a crawling peg exchange rate regime. Large current account surpluses followed from major terms of trade improvement after the sharp increase in Bolivia’s key export commodity prices during the period 2004–08
Table Of Contents
Cover; Contents; I. Precautionary Reserves: An Application to Bolivia; A. Introduction; B. Bolivia: External Sector Developments; C. Rule of Thumb Measures of Reserve Adequacy; D. Precautionary Savings Models; E. Sensitivity Analysis; F. Conclusions; II. Hydrocarbon Revenue Sharing Arrangements; A. Trends in Hydrocarbon Revenue and Dependence; B. An Overview of Hydrocarbon Revenue Sharing Arrangements; C. Key Macro-critical Features of the Revenue Sharing Arrangements; D. An Opportunity for Reform; References
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (20 p.)
Specific Material Designation
Form Of Item

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