Verfügbarkeit: Currency Substitution and Inflation in Peru

Currency Substitution and Inflation in Peru:

This paper shows that there is a long-run relationship between the expected rate of depreciation in the black-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of currency substitution can explain the behavior of real holdings of money in Peru. The pape...

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1. Verfasser:	Rojas-Suárez, Liliana (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1992
Schriftenreihe:	IMF Working Papers Working Paper No. 92/33
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper shows that there is a long-run relationship between the expected rate of depreciation in the black-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of currency substitution can explain the behavior of real holdings of money in Peru. The paper also shows that, while the importance of currency substitution as a transmission mechanism through which domestic policies affected the dynamics of inflation was relatively small during a period of high but relatively stable inflation (January 1978-85), it became an important factor in the inflation process during the recent hyperinflation episode
Beschreibung:	1 Online-Ressource (46 p)
ISBN:	1451979207 9781451979206

Internformat

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spelling	Rojas-Suárez, Liliana Verfasser aut Currency Substitution and Inflation in Peru Rojas-Suárez, Liliana Washington, D.C International Monetary Fund 1992 1 Online-Ressource (46 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/33 This paper shows that there is a long-run relationship between the expected rate of depreciation in the black-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of currency substitution can explain the behavior of real holdings of money in Peru. The paper also shows that, while the importance of currency substitution as a transmission mechanism through which domestic policies affected the dynamics of inflation was relatively small during a period of high but relatively stable inflation (January 1978-85), it became an important factor in the inflation process during the recent hyperinflation episode Online-Ausg http://elibrary.imf.org/view/IMF001/01486-9781451979206/01486-9781451979206/01486-9781451979206.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Rojas-Suárez, Liliana Currency Substitution and Inflation in Peru
title	Currency Substitution and Inflation in Peru
title_auth	Currency Substitution and Inflation in Peru
title_exact_search	Currency Substitution and Inflation in Peru
title_exact_search_txtP	Currency Substitution and Inflation in Peru
title_full	Currency Substitution and Inflation in Peru Rojas-Suárez, Liliana
title_fullStr	Currency Substitution and Inflation in Peru Rojas-Suárez, Liliana
title_full_unstemmed	Currency Substitution and Inflation in Peru Rojas-Suárez, Liliana
title_short	Currency Substitution and Inflation in Peru
title_sort	currency substitution and inflation in peru
url	http://elibrary.imf.org/view/IMF001/01486-9781451979206/01486-9781451979206/01486-9781451979206.xml
work_keys_str_mv	AT rojassuarezliliana currencysubstitutionandinflationinperu

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