By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered … from major external shocks, but the extent of economic collapse in the face of these shocks (including a hyperinflation … during 1984-85) suggests that internal factors as well as external shocks have been critical to Bolivia's poor economic …

emphasis. We draw attention to a third aspect of the hyperinflation process, and the stablization, namely exchange rate and … establishing that credibility by a de facto stablization. We make that point by discussing the events of the German hyperinflation …

After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …

introduction of its auction, the Bolsin, not only did the parallel market premium for dollars all but disappear in Bolivia, but the …

borrowing and renegotiation experience of five Latin borrowers (Argentina, Bolivia, Chile, Colombia, and Peru). Another goal is …