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...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1992/033 |
| On-line přístup: | Full text available on IMF |