Since 2014
Currency Substitution in Developing Countries: An Introduction
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Currency Substitution in Developing Countries: An Introduction
Currency Substitution in Developing Countries: An Introduction |
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| Creator |
Calvo, Guillermo A.
Vegh, Carlos A. |
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| Subject |
—
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| Description |
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 behween inflationary finance and currency substitution; and, finnlly, issues related to the empirical verification of the currency substitution hypothesis.
Currency Substitution in Developing Countries: An Introduction |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
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| Date |
2010-03-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/217
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 7, No 1 (1992); 3-27
Revista de Análisis Económico – Economic Analysis Review; Vol 7, No 1 (1992); 3-27 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/217/443
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