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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Bibliografiske detaljer
Hovedforfatter: Calvo, Guillermo
Andre forfattere: Vegh Gramont, Carlos
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1992.
Serier:IMF Working Papers; Working Paper ; No. 1992/040
Online adgang:Full text available on IMF
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100 1 |a Calvo, Guillermo. 
245 1 0 |a Currency Substitution in Developing Countries :   |b An Introduction /  |c Guillermo Calvo, Carlos Vegh Gramont. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1992. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Vegh Gramont, Carlos. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/040 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1992/040/001.1992.issue-040-en.xml  |z IMF e-Library