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Currency Substitution : Theory and Evidence from Latin America

Author: Victor A Canto; Gerald Nickelsburg
Publisher: Dordrecht : Springer Netherlands, 1987.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Victor A Canto; Gerald Nickelsburg
ISBN: 9789400932616 9400932618
OCLC Number: 851393910
Description: 1 online resource (212 pages)
Contents: 1. Introduction --
References --
2. A General Equilibrium Theory of Exchange Rates and Managed Floating --
1. Multiple Stochastic Exchange Rate Equilibria --
2. Price Uncertainty and Flexible Exchange Rates --
3. A Welfare Analysis --
References --
3. Empirical Implementation of the Instability Hypothesis --
1. Instability and Theoretical Models --
2. Modelling Considerations --
3. The Model --
4. Equilibrium with Government Intervention --
5. Dominican Currency Crises --
6. Concluding Remarks --
References --
4. Currency Substitution and Small Open Economies: The Case of the Dominican Republic --
1. Stylized Institutional Features of the Dominican Republic Parallel Market --
2. The Empirical Model --
3. Empirical Analysis --
4. Summary and Conclusions --
Notes --
References --
5. Dominant Currencies and Monetarism in Argentina --
1. Introduction --
2. Basic Dominant Currency Modelling Considerations --
3. A Summary of Argentina's Exchange Rate Systems 1956-82 --
4. The Case of Argentina --
5. Evidence of One Way Currency Substitution --
6. Money, Exchange Rates, and Prices --
References --
6. Venezuela and Ecuador --
Currency Substitution in Oil Economies --
1. Stability and Homogeneity --
2. Frequency Analysis of Money and Prices --
3. Concluding Remarks --
References --
7. Conclusion.
Responsibility: by Victor A. Canto, Gerald Nickelsburg.

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