Tellería, Bernardo X. Fernández - In: Revista de Análisis del BCB 9 (2006) 1, pp. 7-64
Dollarization in Bolivia rose rapidly immediately after the hyperinflation and currency crisis episode that took place between 1984 and 1985, but failed to reduce and, in fact, continued increasing the following years. In order to explain this dollarization hysteresis, this document proposes and...