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...
| Главный автор: | |
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| Другие авторы: | , |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2001/210 |
| Online-ссылка: | Full text available on IMF |