Search Results for: Currency Substitution In Developing Countries

This paper examines the relative demands for domestic and foreign currency deposits by residents of developing countries. A dynamic currency substitution model

This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a

The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics