The Transactions Demand for Money in the Presence of Currency Substitution: Evidence from Vietnam.

The Transactions Demand for Money in the Presence of Currency Substitution: Evidence from Vietnam.

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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...

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Dettagli Bibliografici
Autori principali:	Adam, C, Goujon, M, Jeanneney, S
Natura:	Working paper
Lingua:	English
Pubblicazione:	CERDI 2003

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