| Abstract | 第4页 |
| ACKNOWLEDGEMENT | 第5-11页 |
| CHAPTER 1:INTRODUCTION | 第11-18页 |
| 1.1 RESEARCH BACKGROUND | 第11-13页 |
| 1.1.1 Brief Context of Bolivian Economy | 第12-13页 |
| 1.2 OBJECTIVE OF THIS STUDY | 第13页 |
| 1.3 RESEARCH QUESTION | 第13页 |
| 1.4 STATEMENT OF HYPOTHESIS | 第13页 |
| 1.5 SIGNIFICANCE OF THIS STUDY | 第13页 |
| 1.6 METHODOLOGY | 第13-15页 |
| 1.6.1 Thesis Outline | 第14-15页 |
| 1.7 SCOPE AND LIMITATIONS | 第15页 |
| 1.8 DEFINITION OF TERMS | 第15-16页 |
| 1.8.1 External Sector | 第15页 |
| 1.8.2 Payment | 第15-16页 |
| 1.8.3 Compensation | 第16页 |
| 1.9 ABBREVIATIONS AND SYMBOLS | 第16-18页 |
| CHAPTER 2:LITERATURE REVIEW | 第18-23页 |
| 2.1 SUCRE:A MONETARY TOOL TO WARD ECONOMIC COMPLEMENTARITY | 第18页 |
| 2.2 BRETTON WOODS AND THE FORGOTTEN CONCEPT OF INTERNATIONAL SEIGNIORAGE BYDIX SANDBECK | 第18-20页 |
| 2.2.1 Calculation of the Seigniorage,Standard method | 第19-20页 |
| 2.3 GUIDELINES FOR A DATA TEMPLATE FOR INTERNATIONAL RESERVES AND FOREIGNCURRENCY LIQUIDITY BY THE IMF | 第20-21页 |
| 2.4 INTERNATIONAL CLEARING UNION PLAN(BY J.M.KEYNES) | 第21-23页 |
| CHAPTER 3:WHAT IS SUCRE? | 第23-31页 |
| 3.1 TECHNICAL ORIGIN OF SUCRE:THE ICU | 第24-25页 |
| 3.2 VALUATION AND ASSIGNMENT OF THE"SUCRE" | 第25-27页 |
| 3.3 STEPS TO PERFORMTRANSACTIONS THROUGH SUCRE | 第27-29页 |
| 3.3.1 The importer and exporter agree the transaction | 第28页 |
| 3.3.2 Commercial Agreement is signed | 第28-29页 |
| 3.3.3 The importer reports to BOA and the exporter | 第29页 |
| 3.3.4 The exporter performs shipping and sends the documentation | 第29页 |
| 3.3.5 The importer receives the goods and instructs to BOA to make payment | 第29页 |
| 3.3.6 The importer Central Bank records the operation | 第29页 |
| 3.3.7 Exporter Central Bank gets credit in "Sucres" | 第29页 |
| 3.4 BENEFITS OF SUCRE | 第29-31页 |
| CHAPTER 4:SUCRE BENEFITS FOR BOLIVIAN EXTERNAL SECTOR | 第31-45页 |
| 4.1 PROTECTION OF THE REGION FROM GLOBAL FINANCIAL SHOCKS THROUGH LIQUIDITY PROVISION | 第31-37页 |
| 4.1.1 Increase of the Official Reserve Assets(USD) | 第32-35页 |
| 4.1.2 Increase of the account:Other Reserve Assets | 第35-37页 |
| 4.2 AVOIDANCE OF INTERNATIONAL SEIGNIORAGE TAX | 第37-41页 |
| 4.2.1 Seigniorage Payment Rate | 第38-41页 |
| 4.2.1.1 Calculating the Seigniorage Revenue | 第38-39页 |
| 4.2.1.2 Calculating the M2 | 第39-40页 |
| 4.2.1.3 Calculating the SPR | 第40-41页 |
| 4.2.2 Significance of avoidance of International Seigniorage Tax in the Bolivian Reserve Assets | 第41页 |
| 4.3 REDUCTION OF PROCEDURES FOR THE IMPORTER | 第41-45页 |
| 4.3.1 Decrease in costs for the Importer by not buying dollars in the exchange market | 第42-43页 |
| 4.3.2 Decrease in costs for the Importer by not paying Financial Transactions Tax (FTT) | 第43-45页 |
| CHAPTER 5:CHALLENGES | 第45-49页 |
| 5.1 CHALLENGES FOR THE CMR | 第45页 |
| 5.1.1 SUCRE is used only by few Latin American countries | 第45页 |
| 5.1.2 The Compensation Period is made in the next year | 第45页 |
| 5.2 CHALLENGES FOR THE BOLIVIAN GOVERNMENT | 第45-48页 |
| 5.2.1 Bolivian most important trade partners are not members of SUCRE | 第46-47页 |
| 5.2.2 Deterioration of diplomatic relations with US government | 第47-48页 |
| 5.2.3 Instability in the business climate | 第48页 |
| 5.3 CHALLENGES FOR BOLIVIAN IMPORTERS AND EXPORTERS | 第48-49页 |
| CHAPTER 6:RECOMMENDATIONS AND CONCLUSION | 第49-53页 |
| 6.1 RECOMMENDATIONS | 第49-51页 |
| 6.1.1 Recommendations for the CMR | 第49页 |
| 6.1.1.1 Invite Latin American countries to be SUCRE members | 第49页 |
| 6.1.1.2 Perform compensation earlier | 第49页 |
| 6.1.2 Recommendations for the Bolivian government | 第49-51页 |
| 6.1.3 Recommendations for Bolivian Importers and Exporters | 第51页 |
| 6.2 CONCLUSION | 第51-53页 |
| REFERENCES | 第53-54页 |
