Currency Substitution and Financial Repression
نویسندگان
چکیده
منابع مشابه
Financial Repression, Economic Growth and Development
Economic growth and development of market, stock exchange and related variables are among components which influence on business, economic activities and management of society. Financial repression is among economic variables greatly influencing on financial market specifically capital market and economic growth and development; so that, this concept caused to publish financial growth and devel...
متن کاملStores, Prices, and Currency Substitution
We study endogenous currency substitution in a decentralized trade environment. Sellers maximize profits from sales of imperfectly substitutable goods by posting prices in either one of two currencies. A unique symmetric equilibrium exists where goods are priced only in the local currency. This occurs if foreign trade is sporadic, there is sufficient but not excessive liquidity, and discounting...
متن کاملEvolutionary Dynamics of Currency Substitution
This paper examines the issues related to the competition between two currencies in an agent-based computational economic model. The economic environment is a two-country overlapping generations economy with no restrictions on foreign currency holdings. Governments of both countries nance their de cits via seignorage. Agents make decisions about their savings and portfolio decisions. They use t...
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ژورنال
عنوان ژورنال: International Economic Journal
سال: 2011
ISSN: 1016-8737,1743-517X
DOI: 10.1080/10168731003753875