Global ETD Search
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Showing 1 to 5 of 5 for “"currency substitution"”.
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Exchange rate theory and practice: target zones and asymmetrical currency substitution
… second chapter develops a model of asymmetrical currency substitution. The friction for exchange rate determinacy is provided by costly spot market transactions. A stationary equilibrium exists if and only if the cost of spot market transactions is greater than either country's money growth …
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Essays on Development Economics: Issues in Macroeconomics and Population
… population economics. The first chapter studies currency substitution in an environment where agents' inflation tax evasive demand for foreign money is balanced by the concern for the possibility that the government may impose economy-wide capital controls under which foreign currency …
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Empirical Evaluation of DSGE Models for Emerging Countries
… accumulation, a liability-dollarization problem, currency substitution, price and wage rigidities, and dynamics driven by eleven shocks.</p>
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Impact of monetary policy rate on money supply in Zambia (2012-2020).
… positive (i.e. wealth effect) and negative (i.e. currency substitution effect) impacts, with positive impact outweighing the negative impact. In the long run, both monetary policy rate and exchange rate have significant effect on money supply with a positive elasticity attributed to exchange rate …
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Impact of monetary policy rate on money supply in Zambia (2012-2020).
… positive (i.e. wealth effect) and negative (i.e. currency substitution effect) impacts, with positive impact outweighing the negative impact. In the long run, both monetary policy rate and exchange rate have significant effect on money supply with a positive elasticity attributed to exchange rate …