Convertibility Risk : The Precautionary Demand for Foreign Currency in a Crisis /

This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using both cross section data and then monthly da...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Mourmouras, Alex
Rannpháirtithe: Black, Stabley, Christofides, Charalambos
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2001.
Sraith:IMF Working Papers; Working Paper ; No. 2001/210
Rochtain ar líne:Full text available on IMF