FinObservatory

Crisis atlas / BOL / 1927–1958

Bolivia, 1927–1958

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Sovereign debtCurrency

Crisis years in this episode

Every distinct (year, type) event inside the 1927–1958 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1927
    Sovereign debtgmd, rr2 sources
  2. 1928
    Sovereign debtrr1 source
  3. 1929
    Sovereign debtrr1 source
  4. 1930
    Sovereign debtrr1 source
  5. 1931
    Sovereign debtgmd, rr2 sources
  6. 1932
    Currencygmd, rr2 sources
    Sovereign debtrr1 source
  7. 1933
    Currencyrr1 source
    Sovereign debtrr1 source
  8. 1934
    Sovereign debtrr1 source
  9. 1935
    Sovereign debtrr1 source
  10. 1936
    Currencygmd, rr2 sources
    Sovereign debtrr1 source
  11. 1937
    Currencyrr1 source
    Sovereign debtrr1 source
  12. 1938
    Currencyrr1 source
    Sovereign debtrr1 source
  13. 1939
    Sovereign debtrr1 source
  14. 1940
    Sovereign debtrr1 source
  15. 1941
    Sovereign debtrr1 source
  16. 1942
    Sovereign debtrr1 source
  17. 1943
    Sovereign debtrr1 source
  18. 1944
    Sovereign debtrr1 source
  19. 1945
    Sovereign debtrr1 source
  20. 1946
    Sovereign debtrr1 source
  21. 1947
    Sovereign debtrr1 source
  22. 1948
    Sovereign debtrr1 source
  23. 1950
    Currencygmd, rr2 sources
  24. 1953
    Currencyrr1 source
  25. 1956
    Currencygmd, rr2 sources
  26. 1958
    Currencyrr1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Laeven-Valencia banking-crisis detail

Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves sovereign debt and currency crises, for which no comparable cost figures exist in the source chronologies.

Macro context, 19201965

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Bolivia in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Inflation (% y/y)
-1000100200192019271965
Real GDP growth (% y/y)
-10010192019271965
Policy rate (%)
01020192019271965
Govt debt (% of GDP)
0100200192019271965

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Sovereign debt
  • Global Macro Database1927, 1931
  • Reinhart-Rogoff1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948
Currency
  • Global Macro Database1932, 1936, 1950, 1956
  • Reinhart-Rogoff1932, 1933, 1936, 1937, 1938, 1950, 1953, 1956, 1958

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.