Samreth, Sovannroeun - In: Journal of Asian Economics 22 (2011) 6, pp. 518-527
This paper examines whether the currency substitution (CS) phenomenon in Cambodia is in a hysteresis state. We employ a … existence of a network externality, thereby implying the hysteresis of the CS phenomenon in Cambodia. Given the characteristics … of the CS process in Cambodia, any measure or policy option to bring down the CS degree must be carefully considered. …