TY  - BOOK
AU  - Calvo,Guillermo
AU  - Végh Gramont,Carlos A.
TI  - Currency Substitution in Developing Countries: An Introduction 
T2  - IMF Working Papers; Working Paper
SN  - 145184588X :
SN  - 1018-5941
PY  - 1992///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Exchange Rate
KW  - imf
KW  - Foreign Currency
KW  - Inflation Tax
KW  - Argentina
KW  - Bolivia
KW  - Mexico
KW  - Peru
KW  - Uruguay
N2  - This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how the presence of currency substitution affects the choice of nominal anchors in inflation stabilization programs; third, the effects of changes in the rate of growth of the money supply on the real exchange rate; fourth, the interaction between inflationary finance and currency substitution; and, finally, issues related to the empirical verification of the currency substitution hypothesis
UR  - http://elibrary.imf.org/view/IMF001/01487-9781451845884/01487-9781451845884/01487-9781451845884.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451845884
ER  -