Currency Substitution in Developing Countries : An Introduction /

This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how the presence of currency substitution affects the choice of nominal anchors in inflati...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Calvo, Guillermo
Rannpháirtithe: Vegh Gramont, Carlos
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 1992.
Sraith:IMF Working Papers; Working Paper ; No. 1992/040
Rochtain ar líne:Full text available on IMF
Cur síos
Achoimre:This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how the presence of currency substitution affects the choice of nominal anchors in inflation stabilization programs; third, the effects of changes in the rate of growth of the money supply on the real exchange rate; fourth, the interaction between inflationary finance and currency substitution; and, finally, issues related to the empirical verification of the currency substitution hypothesis.
Cur síos ar an mír:<strong>Off-Campus Access:</strong> No User ID or Password Required
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Cur síos fisiciúil:1 online resource (32 pages)
Formáid:Mode of access: Internet
ISSN:1018-5941
Rochtain:Electronic access restricted to authorized BRAC University faculty, staff and students