Currency Substitution and Financial innovation.

This paper presents a cash-in-advance framework, with variable income velocity, where the domestic effects, as well as the international transmission, of financial innovation can be analyzed. In particular, the discussion emphasizes the role of currency substitution and of cross-border transfers of...

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Tác giả của công ty: International Monetary Fund
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1989.
Loạt:IMF Working Papers; Working Paper ; No. 1989/039
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Currency Substitution and Financial innovation. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1989. 
300 |a 1 online resource (24 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 presents a cash-in-advance framework, with variable income velocity, where the domestic effects, as well as the international transmission, of financial innovation can be analyzed. In particular, the discussion emphasizes the role of currency substitution and of cross-border transfers of seigniorage in determining the general equilibrium effects of financial innovation. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/039 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/039/001.1989.issue-039-en.xml  |z IMF e-Library