Results 11 to 20 of about 4,554 (291)
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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Currency Substitution and Money Demand in Euroland [PDF]
Atlantic Economic Journal, 2006 This paper tests the stability of the demand for money in the euro-area in the context of an open economy. A sample consisting of quarterly data covering the 1982:2–1999:3 period is considered. The main finding is that the U.S. dollar long-term interest rate plays a significant role in the European money demand relationship.
Miguel Lebre de Freitas
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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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Currency substitution in Turkey [PDF]
Applied Economics, 1994 Although currency substitution is a widely observed phenomenon in both developed and developing counries, most of the studies on currency substitutioin in small open economies have focused on high inflatin South American countries. This paper extends the previous analysis to a newly industrializing, high-inflation economy, namely Turkey.
Selçuk, Faruk
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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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Türkiye'de Para Politikası Şoklarının Para İkamesi Üzerindeki Asimetrik Etkisi
Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, 2021 Bu çalışmada Türkiye ekonomisinde Ocak 2011 – Ekim 2020 döneminde para politikası şoklarının para ikamesi üzerindeki etkisi, asimetrik ilişkileri ortaya çıkaran zaman serisi testleri ile incelenmektedir.
Ferhat Şirin Sökmen
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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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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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Comparing of Dollarization in Iran’s Economy with Dollarization in Argentina [PDF]
جستارهای اقتصادی, 2007 sing the Dollarization theory، this paper attempts to identify the determinants of currency substitution degree in Iran and Argentina. Despite the reduction in the volume of the dollar in some years، the trend of currency substitution has been increasing.
Mohammad Lashkari
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