Titlebook: Currency Substitution; Theory and Evidence Victor A. Canto,Gerald Nickelsburg Book 1987 Kluwer Academic Publishers 1987 calculus.equilibri

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Welcome Address by the Conference Chairmanenomenon have a theoretical basis for its existence, and if so is it an important phenomenon? In Chapters 2 and 3 we provided answers in the affirmative to these questions. The models we analyzed were somewhat specialized, but suggested a line of research which maybe richly rewarding. The overlappin

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Malnutrition in Captive Birds of Preythis chapter. To begin with we return to the more traditional currency substitution literature of Calvo and Rodriguez (1977) and Canto and Nickelsburg (1984a,1984b) and review briefly the literature which we adopt to fit the results of Chapter 2.

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Malnutrition in Captive Birds of Preyd somewhat similar exogenous experiences to learn more about how policy induced changes in money demand engender phenomena similar to those predicted by our model. Specifically, we will be looking at the time series properties of money and prices in Venezuela and in Ecuador, two oil dependent economies, over the period 1970 to 1983.

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Empirical Implementation of the Instability Hypothesis,this chapter. To begin with we return to the more traditional currency substitution literature of Calvo and Rodriguez (1977) and Canto and Nickelsburg (1984a,1984b) and review briefly the literature which we adopt to fit the results of Chapter 2.

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,Venezuela and Ecuador — Currency Substitution in Oil Economies,d somewhat similar exogenous experiences to learn more about how policy induced changes in money demand engender phenomena similar to those predicted by our model. Specifically, we will be looking at the time series properties of money and prices in Venezuela and in Ecuador, two oil dependent economies, over the period 1970 to 1983.

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Currency Substitution and Small Open Economies: The Case of the Dominican Republic,the determination of the level of the exchange rate. As shown in the last two chapters, these omissions are important. The purpose of this chapter is to further develop and to estimate an exchange-rate model that accounts for the ‘dollarization’ phenomenon as well as domestically imposed transactions costs on the use of the foreign currency..

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Introduction,sic propositions of the relationship between the quantity of money, the rate of inflation and the rate of exchange depreciation do not seem, at least at a superficial level, to hold (see Vogel (1974)). Secondly, stabilization policy seems to result in increased rather than decreased inflation in man