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...
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| Rannpháirtithe: | |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 1992/040 |
| Rochtain ar líne: | Full text available on IMF |
| 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. |
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| Cur síos ar an mír: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| 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 |