Titlebook: Debt, Crisis Reform Bolivia; Biting the Bullet Luis Carlos Jemio Book 2001 Palgrave Macmillan, a division of Macmillan Publishers Limited 2

疲劳

International Finance and Development Serieshttp://image.papertrans.cn/d/image/264084.jpg

旁观者

Introduction,oped countries (LDCs), based on the Bolivian experience between 1970 and 1995. This book argues that existing neo-orthodox and structuralist macroeconomic approaches are limited in their ability to explain the impact of external shocks on short-term macroeconomic equilibrium and long-term economic g

heterogeneous

The Approach of this Book to the Study of External Shocks and Policy Analysis,the institutional features that determine the macroeconomic functioning of the country, as well as on the socioeconomic structure that determines the direction of adjustment. This chapter analyses how these institutional settings, that are particular to the functioning of the Bolivian economy, have

上釉彩

External Shocks and External Sector Trends,0s, Bolivia enjoyed large capital inflows from international commercial banks and increased ‘official‘ export revenues. The country had access to levels of foreign exchange that exceeded the economy‘s absorption capacity. Hence, capital flight became a feature of Bolivia‘s external adjustment. Durin

sterilization

Sectoral Accumulation Balances in the Bolivian Economy,tities of foreign capital inflows to the country has affected its overall macroeconomic performance. During the 1970s, the large supply of financial resources available in international financial markets allowed the Bolivian government to acquire large amounts of foreign debt. During that period gro

tenuous

Financial Balances,These discussions demonstrated that the adjusting rules tended to be essentially different for each agent, and that the adjustment mechanisms tended to vary from period to period in response to external shocks and to changes in domestic policy. However, in order to have a full and coherent version o

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助记

Simulation of External Shocks and Policies with the CGE Model for Bolivia,cted and explained in Appendix B. This model is used to assess, numerically, the impact of different external shocks and policy interventions on the economy. There are three groups of simulations exercises that were tested through the model.

栏杆

https://doi.org/10.1007/978-3-642-92161-2ous adjustment patterns followed by groups have determined the direction of adjustment at the macroeconomic level. Thus, macroeconomic adjustment in Bolivia has been the outcome of sectoral adjustments and of the interactions among the different agents through the diverse markets in which they operate.

Optic-Disk

The Analytical Framework of this Book,ous adjustment patterns followed by groups have determined the direction of adjustment at the macroeconomic level. Thus, macroeconomic adjustment in Bolivia has been the outcome of sectoral adjustments and of the interactions among the different agents through the diverse markets in which they operate.