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

马赛克

A General Equilibrium Theory of Exchange Rates and Managed Floating,. This is surprising since casual observation suggests incorporating the idea of rapidly fluctuating exchange rates and prices is appropriate for modelling developing country monetary phenomena. Nevertheless, the incorporation of rapid fluctuations in exchange rates is quite difficult except as an u

和蔼

Empirical Implementation of the Instability Hypothesis,rium. These equilibria were difficult to describe in an empirically satisfactory way and were constrained by the simplicity of the model to show somewhat specific behavior. While this was the intention of the exercise, we wish to go beyond those models to a less restrictive modelling format which wi

键琴

生命层

减去

,Venezuela and Ecuador — Currency Substitution in Oil Economies,model predicted phenomena in an indirect way. In the previous chapters we examined descriptively the impact of qualitative policy changes and statistically the shape of the money demand function for the Dominican Republic, a small open economy. We also examined the effect of liberalization by estima

interior

Conclusion,enomenon 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

myelography

G. F. Bennett,E. C. Greiner,W. Threlfalleformulating monetary theory for a set of economies which have particularly tenuous monetary equilibria, tenuous because of their size, involvement in international trade and political credibility, and apply this theory to the experiences of four countries in Latin America; The Dominican Republic, A

Exclaim

妨碍

Welcome Address by the Conference Chairmandoes not have a firm basis in optimizing behavior. However it did permit us to characterize in a more general way the effects of policy on equilibria and its implications for the relationship between time series observations.

anniversary

Introduction,eformulating monetary theory for a set of economies which have particularly tenuous monetary equilibria, tenuous because of their size, involvement in international trade and political credibility, and apply this theory to the experiences of four countries in Latin America; The Dominican Republic, A