| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3683 |
| 来源ID | Working Paper 3683 |
| Do Exchange Auctions Work? An Examination of the Bolivian Experience | |
| Kathryn M. Dominguez | |
| 发表日期 | 1991-04-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | The Bolivian experience suggests that, even in highly indexed economies, exchange rate auctions can work. After introduction of its auction, the Bolsin, not only did the parallel market premium for dollars all but disappear in Bolivia, but the Boliviano exchange rate remained surprisingly stable. This paper examines how the Bolsin accomplished this. The empirical evidence from daily auction data suggests that credit for the Bolsin's success should be attributed largely to central bank policy at the auction rather than the auction as an institution. |
| 主题 | International Economics ; Macroeconomics |
| URL | https://www.nber.org/papers/w3683 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560994 |
| 推荐引用方式 GB/T 7714 | Kathryn M. Dominguez. Do Exchange Auctions Work? An Examination of the Bolivian Experience. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3683.pdf（315KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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