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A confluence of factors promises to put pressure on the new Bank of Canada governor to direct monetary policy at fixing … Canada's so-called "overvalued" currency, according to a report released today by the C.D. Howe Institute. But in "The … Seductive Myth of Canada's 'Overvalued' Dollar," author Christopher Ragan provides two strong arguments against doing so: the …
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This study measures the degree of dollarization in North Korea using results from a survey of 231 North Korean refugees. Specifically, we compare foreign currency use of households as both store-of-value substitutes (i.e., asset substitution) and transaction substitutes (i.e., currency...
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