LOCAL CURRENCY AS A METHOD OF ECONOMY INTENSIFICATION

A Local Currency in a Dollarized Economy

The paper uses a dual-currency search theoretic approach to demonstrate that it is possible to induce the acceptance of a local currency in a dollarized economy. In the model, we assume that a foreign currency is in full circulation and the government policy tool is the convertibility of the local currency to the foreign currency. We show that the economy can achieve equilibria where two monies...

Local Currency as a Development Strategy∗

The introduction of a local currency may serve as a signal of demand for local goods. Where demand uncertainty deters firms from investing in more productive technologies, such a signal improves the chances that technology choice will be optimal. The introduction of a local currency therefore always improves ex-ante efficiency and may lead to ex-post efficiency, with strictly higher levels of p...

Currency and Credit in a Private Information Economy

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translating allusive devices:a survey of a portrait of the artist as a young man by james joyce

تلمیح یکی از عناصری است که تقریباً در همه ی متون ادبی یافت و باعث ایجاد شکاف های فرهنگی می شود. در این تحقیق به عنوان شکلی از بینامتنیت در ترجمه مورد توجه قرار می گیرد. تلاش شده است تا راهکارهای مترجمان برای ترجمه چهار نوع اسامی خاص و عبارات کلیدی تلمیحی (مذهبی، سیاسی، تاریخی و اسطوره ای) موجود در رمانِ چهره مرد هنرمند در جوانی به فارسی بررسی شود. این تحقیق مقایسه ای بر اساس راهکارهای ترجمه تلمیح...

Monetary Policy, Currency Unions and Open Economy Macrodynamics