significant in the money demand function, indicating existence of currency substitution in Turkey. The dynamics of money demand is … demand for money in Turkey is stable, despite the economic reforms and financial crises.  …This paper investigates the empirical relationship between money, real income, interest rates, inflation and expected …

multiple currencies to deal with uncertainty in their optimal consumption bundles. We argue that this equilibrium is Pareto …

appropriate for the level of knowledge, development and maturity of countries today. International trade and currencies are a key … perceive trade and one another in the currency process, currencies being the mechanism by which countries measure the value and …

This paper analyzes the role of money, credit, trade and competitiveness variables in signaling currency crises in a … sample of East Asian and Latin American countries over the period 1972:01-1997:10. Bivariate tests suggest that money and …

, as part of its task of overall supervision of the money supply. …