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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Bibliografske podrobnosti
Glavni avtor: Calvo, Guillermo
Drugi avtorji: Vegh Gramont, Carlos
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1992.
Serija:IMF Working Papers; Working Paper ; No. 1992/040
Online dostop:Full text available on IMF
Opis
Izvleček: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.
Opis knjige/članka:<strong>Off-Campus Access:</strong> No User ID or Password Required
<strong>On-Campus Access:</strong> No User ID or Password Required
Fizični opis:1 online resource (32 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Dostop:Electronic access restricted to authorized BRAC University faculty, staff and students