The Transactions Demand for Money in the Presence of Currency Substitution: Evidence from Vietnam.
Currency substitution - the use of foreign money to finance transactions between domestic residents - is widespread in low income and transition economies. Traditionally, however, empirical models of the demand for money tend to concentrate on the portfolio motive for holding foreign currency, while...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Routledge
2004
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