Title of article
Currency substitution: new evidence from emerging economies
Author/Authors
Faruk Selçuk، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
6
From page
219
To page
224
Abstract
This paper provides new empirical evidence for currency substitution in different emerging market economies. Estimation results from a money-in-the-utility-function framework indicate that foreign currencies are strong substitutes for domestic currency in producing liquidity services.
Keywords
Money-in-the-utility-function , Currency substitution , Emerging economies
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435107
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