Results 11 to 20 of about 106,816 (301)
Hyperinflation with Currency Substitution: Introducing an Indexed Currency [PDF]
Journal of Money, Credit and Banking, 1994 Currency substitution (CS) and financial adaptation are in general believed to increase the equilibrium rate of inflation. This result derives from a setup in which the government finances a certain amount of real resources through money printing and where CS reduces the base of the inflation tax.
Federico Sturzenegger
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The Measurement of Co-Circulation of Currencies and Dollarization in the Republic of Armenia [PDF]
The European Journal of Comparative Economics, 2005 This paper attempts to estimate the actual (de facto) level of dollarization in Armenia. “Co-circulation” involves the regular use of two or more currencies within an economy.
Hakob Zoryan
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Simulating currency substitution bias [PDF]
Economics Letters, 1988 The sign and size of estimates of the elasticity of currency substitution critically depend on the definition of the oppurtunity costs of holding money. We investigate possible biases by means of Monte Carlo experiments, as sufficient real data are not available.
Martin Boon +2 more
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Currency substitution, seigniorage, and currency crises in interdependent economies [PDF]
Journal of Economics and Business, 2003 Abstract This paper applies a two-country framework that allows for currency substitution in an environment in which policymakers optimally vary interest rates in light of utility-based objectives, one country pegs the value of its currency to the other nation’s currency, and government revenue is generated via explicit taxes and seigniorage.
Daniels, Joseph P., VanHoose, David D.
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Currency substitution in Eastern Europe [PDF]
, 1995 Monetary instability during the transition process from a command economy to a market economy has induced a considerable increase in currency substitution in Eastern Europe. Currency substitution itself affects monetary stability since it reduces the stability of velocity. This paper investigates currency substitution in Eastern Europe.
Aarle, B. van, Budina, N.
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Currency substitution, portfolio diversification and money demand [PDF]
, 2004 The paper explores the implications of means of payment substitutability and capital mobility on the properties of the money demand, using the Thomas (1985) stochastic dynamic optimising model, where the specific role of money is explicitly accounted for.
Miguel Lebre de Freitas
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Currency Substitution in Turkey [PDF]
American Journal of Applied Sciences, 2005 We investigated whether the recent depreciations in the Turkish currency (Lira) resulted in the currency substitution away from Lira by using quarterly data over the period from 1987:1 to 2000: 2 with M1 and M2 monetary aggregates and income, interest rate and exchange rate.
Ismail H. Genc, Hasan Sahin, Turan Erol
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Credibility and Convergence: Did Euroization Deliver for Montenegro? [PDF]
Ovidius University Annals: Economic Sciences Series, 2023 Using Montenegro as a case study, this paper evaluates the viability of currency substitution, in this case euroization, as a response to increased financial volatility.
Lara-Greta Merling, Kevin M. Cashman
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Industry-Level Evidence of J-Curve Effects in the SACU Region
Managing Global Transitions, 2023 Our study examines the cointegration relationship between exchange rate movements and trade balances for the five Southern African Customs Union (SACU) countries between 1995 and 2020.
Simba Mhaka +2 more
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Dollarization in North Korea: Evidence from a Survey of North Korean Refugees
East Asian Economic Review, 2017 This study measures the degree of dollarization in North Korea using results from a survey of 231 North Korean refugees. Specifically, we compare foreign currency use of households as both store-of-value substitutes (i.e., asset substitution) and ...
Sung Min Mun , Seung Ho Jung
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