The concept and estimation of direct, indirect and "total" currency substitution in money demand
This paper reviews briefly the literature on currency substitution and presents two alternative specifications of money demand function which take into account different forms of currency substitution. It demonstrates that the money demand function which separates direct currency substitution from i...
| Published in: | The Philippine Review of Business and Economics Vol. XXVI, No. 2 (December 1989), p. 287-301. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
1989.
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| Subjects: |