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This paper empirically estimates the money demand function in Cambodia. We adopt the money demand model that includes … currency substitution phenomenon in Cambodia, it fails t-test. This may be due to the mix of both currency substitution and …
Persistent link: https://www.econbiz.de/10005079296
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. …
Persistent link: https://www.econbiz.de/10010572341
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In a surprisingly growing number of regions in Germany private "regional currencies" are issued as a cash substitute for the euro. Currently, these regional currencies are conceived almost exclusively as Schwundgeld (depreciative currency), which loses value on a predetermined timescale. This...
Persistent link: https://www.econbiz.de/10005059038
Cambodia. It is based on the results of cointegration among KHR/USD, Cambodia CPI, and world CPI over the monthly period May … designs in Cambodia. …
Persistent link: https://www.econbiz.de/10008492300
This study contributes to the existing literature by examining the validity of PPP hypothesis for Cambodia. The … standard unit root tests (ADF and PP) and the panel unit root tests fail to support PPP hypothesis for the nine Cambodia …-dollarization’ strategy in Cambodia, and in responding to recent global financial crisis (2007-2008). …
Persistent link: https://www.econbiz.de/10008492301
€“ Cambodia. It is based on the results of cointegration among KHR/USD, Cambodia CPI, and world CPI over the monthly period May … designs in Cambodia. …
Persistent link: https://www.econbiz.de/10008621798
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