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Currency Substitution in Russia [PDF]

, 2001
Due to high inflation and the lack of financial instruments, the Russian economy is currently highly dollarized. The share of dollars in the total amount of cash circulating in the Russian economy constitutes about 80%. What is the degree of this currency substitution phenomenon?
Fridman Alla, Verbetsky Aleksey
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Currency substitution in Romania [PDF]

, 2003
The aim of this paper is to investigate the currency substitution phenomenon in Romania. We present the evolution of the DI (Dollarization Index) as it is defined by the IMF, the situation on the liabilities side and that of the banking sector. We assess the way in which the traditional functions of money have been affected by currency substitution. In
Lazea, Valentin, Cozmanca, Bogdan Octavian   +1 more
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Currency Substitution and Currency Controls: the Polish Experience of 1990 [PDF]

, 1994
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The hysteresis of currency substitution: Currency risk vs. network externalities

Journal of International Money and Finance, 2007
Abstract It is widely documented that currency substitution (using foreign money in transactions) increases in periods of high inflation but does not decline once inflation is reduced. The paper uses survey data from Bulgaria, which experienced this phenomenon, to investigate the origins of this ratchet effect.
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CURRENCY SUBSTITUTION AS A BUILT-IN DE-STABILIZER

Ekonomik Yaklasim, 2011
The main aim of the paper is to show that credit boom-bust cycles in developing countries might reinforce economic volatility even without market imperfections. We first introduce currency substitution as a factor which becomes intertwined with liquidity preference in the case of a financially liberalized country.
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Currency Substitution in Mexico: The Dollarization Problem

Journal of Money, Credit and Banking, 1983
THE TERM DOLLARIZATION will be interpreted in this paper as the degree to which real and financial transactions are performed in dollars relative to those realized in domestic currency. An obvious choice for measuring the degree of dollarization in the economy is the proportion of dollars to domestic currency circulating at any point in time.
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Measuring the speed of currency substitution

Applied Economics Letters, 2023
Itai Agur
exaly  

Substitute Currencies

2023
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Currency Substitution: Comment

Southern Economic Journal, 1984
Leroy O. Laney, Chris D. Radcliffe, Thomas D. Willett   +2 more
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How Does Corruption Affect Currency Substitution? Evidence from Nigeria

Journal of Development Policy and Practice, 2022
Anthony Akinlo
exaly