Bolivia: Selected Issues
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2010/029
Subject:
Central banks Economic sectors Fiscal policy Fiscal stance Fiscal union Public sector Reserve positions Revenue administration Revenue sharing Taxes
Frequency:
Monthly
English
Publication Date:
January 29, 2010
ISBN/ISSN:
9781451805871/1934-7685
Stock No:
1BOLEA2010002
Pages:
19
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