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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Bibliographic Details
Main Author: Calvo, Guillermo
Other Authors: Vegh Gramont, Carlos
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1992.
Series:IMF Working Papers; Working Paper ; No. 1992/040
Online Access:Full text available on IMF