¿A quién beneficia la acumulación de reservas internacionales en Bolivia?*
Abstract
La acumulación de las Reservas Internacionales de Bolivia ha alcanzado niveles superiores a los necesarios para preservar la estabilidad económica. En la medida que este crecimiento de las RIN es innecesario significa que el tipo de cambio está por encima del nivel de equilibrio. Esta política cambiaría ha provocado una redistribución regresiva de los ingresos en la población boliviana. Ingresos del pueblo consumidor han sido transferidos al Gobierno (el cual dispone así de suficientes ingresos como para financiar compras y obras onerosas de dudosa justificación), y a los grupos privilegiados ligados a las actividades de exportación.
The buildup of International Reserves in Bolivia has reached levéis above those required to guarantee economic stability. In as much this growth of IR's is unnecessary it shows the exchange rate is above equilibrium level. This exchange rate policy has caused a regressive income redistribution in the Bolivian population. Income from the consumere has been transferred to the Government (which, thus has sufficient revenues to finance purchases and onerous works of dubious justification) and to privileged groups linked to export activities.
The buildup of International Reserves in Bolivia has reached levéis above those required to guarantee economic stability. In as much this growth of IR's is unnecessary it shows the exchange rate is above equilibrium level. This exchange rate policy has caused a regressive income redistribution in the Bolivian population. Income from the consumere has been transferred to the Government (which, thus has sufficient revenues to finance purchases and onerous works of dubious justification) and to privileged groups linked to export activities.
Description
No. 31