000 02182nam a22004094a 4500
001 WPIEA0401992
003 IMF
005 20190408082114.0
006 m o d
007 cr cn|||||||||
008 020129s1992 dcu o i00 0 eng d
020 _a145184588X :
_c15.00 USD
020 _z9781451845884
022 _a1018-5941
024 7 _a10.5089/9781451845884.001
_2doi
035 _a(IMF)WPIEA0401992
040 _aDcWaIMF
_beng
100 1 _aCalvo, Guillermo.
245 1 0 _aCurrency Substitution in Developing Countries
_h[electronic resource] :
_bAn Introduction /
_cGuillermo Calvo.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c1992.
300 _a1 online resource (32 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 92/40
520 3 _aThis 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.
588 _aDescription based on print version record.
650 7 _aExchange Rate
_2imf
650 7 _aForeign Currency
_2imf
650 7 _aInflation Tax
_2imf
651 7 _aArgentina
_2imf
651 7 _aBolivia
_2imf
651 7 _aMexico
_2imf
651 7 _aPeru
_2imf
651 7 _aUruguay
_2imf
700 1 _aVĂ©gh Gramont, Carlos A.
776 0 8 _iPrint Version:
_aCalvo, Guillermo.
_tCurrency Substitution in Developing Countries : An Introduction
_dWashington, D.C. : International Monetary Fund, 1992.
_z9781451845884
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 92/40
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/01487-9781451845884/01487-9781451845884/01487-9781451845884.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451845884
_zIMF Book Store
999 _c165352
_d165352