Results 261 to 270 of about 4,554 (291)

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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Currency Substitution: Comment

Southern Economic Journal, 1984
Leroy O. Laney   +2 more
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Currency Substitution

1987
Victor A. Canto, Gerald Nickelsburg
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How Does Corruption Affect Currency Substitution? Evidence from Nigeria

Journal of Development Policy and Practice, 2022
Anthony Enisan Akinlo
exaly  

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