Coca dollars and the dollarization of South America.: An article from: Journal of Money, Credit & Banking
Book Details
Author(s)Michael Melvin, Jerry Ladman
PublisherOhio State University Press
ISBN / ASINB00092IVSW
ISBN-13978B00092IVS3
MarketplaceIndia 🇮🇳
Description
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on November 1, 1991. The length of the article is 5115 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: A unique data set on the informal loan market in a coca-growing region of Bolivia is used to explore the hypothesis that the dollarization of this market is related to the coca industry. Implications are then drawn for other nations where coca or cocaine is an important industry. We find that loans are significantly more likely to be denominated in dollars in the season of the major coca harvest than at any other time of the year. The effects of the term and size of loans is consistent with the financial needs of the drug industry which is highly dollarized. (Printed by permission of the publisher.)
Citation Details
Title: Coca dollars and the dollarization of South America.
Author: Michael Melvin
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1991
Publisher: Ohio State University Press
Volume: v23 Issue: n4 Page: p752(12)
Distributed by Thomson Gale
From the supplier: A unique data set on the informal loan market in a coca-growing region of Bolivia is used to explore the hypothesis that the dollarization of this market is related to the coca industry. Implications are then drawn for other nations where coca or cocaine is an important industry. We find that loans are significantly more likely to be denominated in dollars in the season of the major coca harvest than at any other time of the year. The effects of the term and size of loans is consistent with the financial needs of the drug industry which is highly dollarized. (Printed by permission of the publisher.)
Citation Details
Title: Coca dollars and the dollarization of South America.
Author: Michael Melvin
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1991
Publisher: Ohio State University Press
Volume: v23 Issue: n4 Page: p752(12)
Distributed by Thomson Gale
