Currency Substitution in Egypt and the Yemen Arab Republic : A Comparative Quantitative Analysis.
The paper provides an empirical analysis of the determinants of currency substitution in Egypt and the Yemen Arab Republic over the period 1980-86. During this period, residents have exhibited a marked preference to substitute foreign money balances for domestic balances, as indicated by their holdi...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1987.
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| Series: | IMF Working Papers; Working Paper ;
No. 1987/043 |
| Online Access: | Full text available on IMF |