Rachet Effects in Currency Substitution : An Application to the Kyrgyz Republic /
Currency substitution is now a common issue in the design of monetary policy in most transition economies. This paper analyzes the persistence of this phenomenon in the Kyrgyz Republic by including a ratchet variable in the model specification. The main conclusion of the paper is that, while some de...
| Príomhchruthaitheoir: | |
|---|---|
| Rannpháirtithe: | |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 1999/102 |
| Rochtain ar líne: | Full text available on IMF |