Bolivia: hyperinflation, stabilisation, and beyond

In: The journal of development studies: JDS, Band 27, Heft Jan 91

Abstract

Argues that the hyperinflation of 1984-5 has 2 basic determinants--the collapse of external finance and conflict over burden sharing; and 2 proximate determinants--a steadily depreciating peso and excessive monetary growth. Looks at how the New Economic Policy and its 'credibility gaining' political strategy of supressing the labour movement and winning the support of international financial institutions helped cool inflation to its present level. (SJK)