Sun, Yu-Fong; Tsaur, Tien-Wang - In: Journal of Economics and Management 3 (2007) 2, pp. 177-199
substitutability of foreign currency for domestic currency as a medium of exchange. According to the spirit of Chen et al. (1981 … (1) no matter what degree of substitutability of foreign currency for domestic currency, the collapse timing of the … exchange rate regime is earlier than the natural collapse timing, and (2) the collapse timing depends on the degree of currency …
