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dc.contributor.authorSeater, John J.en
dc.date.accessioned2009-08-12T07:17:05Z-
dc.date.available2009-08-12T07:17:05Z-
dc.date.issued2008-
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal|c1864-6042|v2|h2008-35|nKiel Institute for the World Economy (IfW)|lKiel|y2008|p1-30en
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-35en
dc.identifier.urihttp://hdl.handle.net/10419/27519-
dc.description.abstractA transactions model of the demand for multiple media of exchange is developed. Some results are expected, and others are both new and surprising. There are both extensive and intensive margins to currency substitution, and inflation may affect the two margins differently, leading to subtle incentives to adopt or abandon a substitute currency. Variables not previously considered in the literature affect currency substitution in complex and somewhat unexpected ways. In particular, the level of income and the composition of consumption expenditures are important, and they interact with the other variables in the model. Independent empirical work provides support for the theory.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.subject.jelE41en
dc.subject.jelE42en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordCurrency substitutionen
dc.subject.keyworddollarizationen
dc.subject.stwWährungssubstitutionen
dc.subject.stwGeldnachfragetheorieen
dc.subject.stwTheorieen
dc.titleThe Demand for Currency Substitution-
dc.typeArticleen
dc.identifier.ppn585049831en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifweej:7402en
econstor.citation.journaltitleEconomics: The Open-Access, Open-Assessment E-Journalen
econstor.citation.issn1864-6042en
econstor.citation.volume2en
econstor.citation.issue2008-35en
econstor.citation.publisherKiel Institute for the World Economy (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year2008en
econstor.citation.startpage1en
econstor.citation.endpage30en

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