Rachet Effects in Currency Substitution : An Application to the Kyrgyz Republic /

Currency substitution is now a common issue in the design of monetary policy in most transition economies. This paper analyzes the persistence of this phenomenon in the Kyrgyz Republic by including a ratchet variable in the model specification. The main conclusion of the paper is that, while some de...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Mongardini, Joannes
Kolejni autorzy: Mueller, Johannes
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 1999.
Seria:IMF Working Papers; Working Paper ; No. 1999/102
Dostęp online:Full text available on IMF