Currency Substitution and Inflation in Peru /

This paper shows that there is a long-run relationship between the expected rate of depreciation in the black-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of currency substitution can explain the behavior of real holdings of money in Peru. The pape...

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书目详细资料
主要作者: Rojas-Suarez, Liliana
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 1992.
丛编:IMF Working Papers; Working Paper ; No. 1992/033
在线阅读:Full text available on IMF