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Extending the Determinants of Dollarization in Sub-Saharan Africa: The Role of Easy Access to Foreign Exchange Earnings

Raheem, Ibrahim D.; Asongu, Simplice - 2016

level of dollarization in the economy. The three sources of foreign currency earnings are financial integration, trade … openness and natural resource rent. As such, we extend the determinants of dollarization to capture these variables. A dataset … to the increasing rate of dollarization. Specifically, it was found that trade openness and financial liberalization are …

Persistent link: https://www.econbiz.de/10011596369

Information Asymmetry and Financial Dollarization in Sub-Saharan Africa

Asongu, Simplice; Raheem, Ibrahim D.; Tchamyou, Vanessa S. - 2016

Financial dollarization in Sub-Saharan Africa is the most persistent compared to other regions of the world. This study … complements the existing scant literature on dollarization in Africa by assessing the role of information sharing offices (public … credit registries and private credit bureaus) on financial dollarization in 26 countries of SSA for the period 2001-2012. The …

Persistent link: https://www.econbiz.de/10011596384

Hyperinflation and the Reconstruction of a National Money: Argentina and Brazil, 1990-2002

Sgard, Jérôme - Centre d'études prospectives et d'informations … - 2003

Persistent link: https://www.econbiz.de/10005406608

Monetary policy in a dual currency environment

Felices, Guillermo; Tuesta R., Vicente - In: Applied economics 45 (2013) 34/36, pp. 4739-4753

Persistent link: https://www.econbiz.de/10010224992

Redundancy or Mismeasurement? A Reappraisal of Money

Hendrickson, Joshua - 2010

The emerging consensus in monetary policy and business cycle analysis is that money aggregates are not useful as an intermediate target for monetary policy or as an information variable. The uselessness of money as an intermediate target is driven by empirical research that suggests that money...

Persistent link: https://www.econbiz.de/10015220888

F.A. Hayek and his rational choice of monetary arrangements

Sahoo, Ganeswar - 2012

This paper addresses the perspective of Hayek’s doctrine on monetary arrangements in the economy and his favorable argument for an international central bank over national central bank. I also discussed Hayek’s view on free banking (i.e. for the free issue of bank notes) that would enable...

Persistent link: https://www.econbiz.de/10015232866

A Monetary Model with Strong Liquidity Effects

Hagedorn, Marcus - Institut für Schweizerisches Bankwesen <Zürich> - 2001

This paper studies the joint business cycle dynamics of inﬂation, money growth, nominal and real interest rates and the velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to cash consumption as well as a banking sector....

Persistent link: https://www.econbiz.de/10005857754

Redundancy or Mismeasurement? A Reappraisal of Money

Hendrickson, Joshua - 2010

Persistent link: https://www.econbiz.de/10015258831

Bitcoin and hyperdeflation : an optimizing monetary approach

Sokic, Alexandre - 2018

This paper is deeply motivated by the need to explore the impressive Bitcoin price development by addressing Bitcoin as money in its essential attribute as a medium of exchange. We adopt a monetary economics viewpoint and resort to a representative agent modelling strategy within a...

Persistent link: https://www.econbiz.de/10015262447

Is Bitcoin Money? An Economic-Historical Analysis of Money, Its Functions and Its Prerequisites

Umlauft, Thomas - 2018

Bitcoin and other cryptocurrencies’ spectacular rise over the past years has attracted considerable public and academic interest. The important question arising in this context is whether cryptocurrencies can legitimately be regarded as money. This paper contributes to the current discourse by...

Persistent link: https://www.econbiz.de/10015266952