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Seater, John J. - 2011

A transactions model of the demand for multiple media of exchange is developed. Some results are expected, and others are both new and surprising. There are both extensive and intensive margins to currency substitution, and inflation may affect the two margins differently, leading to subtle...

Persistent link: https://www.econbiz.de/10013132128

The Demand for Currency Substitution

Seater, John J. - 2010

Persistent link: https://www.econbiz.de/10013135206

Money Demand and Seignorage Maximization before the End of the Zimbabwean Dollar

Miller, Stephen Matteo - 2019

Unlike most hyperinflations, during Zimbabwe's recent hyperinflation, as in Revolutionary France, the currency ended before the regime. The empirical results here suggest that the Reserve Bank of Zimbabwe operated on the correct side of the inflation tax Laffer curve before abandoning the...

Persistent link: https://www.econbiz.de/10012893482

Money Demand and Seignorage Maximization Before the End of the Zimbabwean Dollar

Miller, Stephen Matteo - 2020

The delayed end to Zimbabwe's hyperinflation in 2009 gave rise to an official dollarization. Before then, the Reserve …

Persistent link: https://www.econbiz.de/10012856378

Cambios estructurales e inestabilidad monetaria intrínseca

Ávila, Jorge C. - 2021

Persistent link: https://www.econbiz.de/10012600438

The Demand for Currency Substitution

Seater, John J. - 2006

A transactions model of the demand for multiple media of exchange is developed and applied to the study of currency substitution. The analysis provides a theoretical foundation for results reported in the empirical literature. Some results are expected, such as the dependence of currency...

Persistent link: https://www.econbiz.de/10014073606

Money demand under free banking: Switzerland 1851-1906

Gerlach, Stefan; Kugler, Peter - In: Swiss journal of economics and statistics 154 (2018) 1, pp. 2-8

This paper studies money demand in Switzerland under free banking before the establishment of the Swiss National Bank. We find that, in addition to income, the banks' balance-sheet-to-GDP ratio and the number of banks were important determinants of long-run money demand. The former variable also...

Persistent link: https://www.econbiz.de/10011962889

Currency Substitution and the Moneyness of Monetary Assets

Morón, Eduardo A. - 1998

The previous literature on dollarization processes has two basic problems. First is the poor empirical methods of … been successfully addressed. Foreign currency holdings cannot be measured directly, and the dollarization ratios are very … differential. Using the Peruvian dollarization experience (1978-1996), we found significant evidence supporting these hypotheses …

Persistent link: https://www.econbiz.de/10014068081

Currency Substitution in a World of Looming Retail CBDCs : Suggestive Currency Substitution-Based Evidence

Chen, Hongyi; Siklos, Pierre L. - Hong Kong Institute for Monetary and Financial Research - 2023

This paper is written by Hongyi Chen (Hong Kong Institute for Monetary and Financial Research) and Pierre Siklos (Wilfrid Laurier University and Balsillie school of International Affairs).Digitalization, spurred by the pandemic, has accelerated plans by many central banks to introduce retail...

Persistent link: https://www.econbiz.de/10014354151

Currency substitution : evidence from Nigeria

Doguwa, Sani I. - In: CBN journal of applied statistics 5 (2014) 2, pp. 1-23

This paper examines the existence, causes and effects of currency substitution in Nigeria by estimating conventional money demand equations based on a partial adjustment and an autoregressive distributed lag models using three definitions of monetary aggregates. The behavior of the foreign...

Persistent link: https://www.econbiz.de/10011488762

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