Currency substitution:: new evidence from emerging economies

被引：18

作者：

Selçuk, F ^{[1
]}

机构：

[1] Bilkent Univ, Dept Econ, TR-06533 Ankara, Turkey

来源：

ECONOMICS LETTERS | 2003年 / 78卷 / 02期

关键词：

currency substitution; emerging economies; money-in-the-utility-function;

D O I：

10.1016/S0165-1765(02)00207-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper provides new empirical evidence for currency substitution in different emerging market economies. Estimation results from a money-in-the-utility-function framework indicate that foreign currencies are strong substitutes for domestic currency in producing liquidity services. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：219 / 224

页数：6

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