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Russia, experienced widespread currency substitution in the early phase of transition. Following Russia's financial meltdown …
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inflation. In this paper, we show that a stable money demand function for Russia can be found for "effective broad money," which …
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inflation. In this paper, we show that a stable money demand function for Russia can be found for ""effective broad money …
Persistent link: https://www.econbiz.de/10014400621
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the … ratio. The model is estimated using a new source of data on dollar currency holdings in Russia. On the basis of these …
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