Currency substitution and the demand for money in Mexico

2003 ◽  
Vol 10 (1) ◽  
pp. 59-62 ◽  
Author(s):  
Miriam Chau RodrÍGuez ◽  
Paul Turner
Keyword(s):  
Currency Substitution ◽  
Demand For Money

scholarly journals A WAR WITHOUT INFLATION: THE CASE OF ARGENTINA 1865–1870

2021 ◽  
pp. 1-9
Author(s):  
Carlos Newland
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Currency Substitution ◽  
The Other ◽  
Demand For Money ◽  
Other Hand ◽  
Rapid Economic Growth

ABSTRACT Although paper note issuance increased dramatically in Argentina during the Triple Alliance War, inflation was not significant. This occurred because only a fraction of the increase in paper bills led to an expansion of the money supply, the rest being currency substitution. On the other hand, an increase in the demand for money for transactions was generated by rapid economic growth.

The demand for money in Turkey and currency substitution

2006 ◽  
Vol 13 (10) ◽  
pp. 635-642 ◽  
Author(s):  
Mohsen Bahmani-Oskooee ◽  
Muge Karacal
Keyword(s):  
Currency Substitution ◽  
Demand For Money

Currency Substitution and the Demand for Money: Some Evidence for Canada

1982 ◽  
Vol 14 (1) ◽  
pp. 48 ◽  
Author(s):  
Michael D. Bordo ◽  
Ehsan U. Choudhri
Keyword(s):  
Currency Substitution ◽  
Demand For Money

scholarly journals Currency Substitution And The Demand For Money In The Arab Maghreb

2011 ◽  
Vol 9 (2) ◽  
pp. 140
Author(s):  
Omar Marashdeh ◽  
Mohamad A. Khalil
Keyword(s):  
Money Demand ◽  
Rational Expectation ◽  
Currency Substitution ◽  
Demand For Money ◽  
Pooled Data

The purpose of this paper is to estimate the demand for money for Al-Maghreb Al-Arabi countries by taking into account the currency substitution and rational expectation over the period 1964 to 1987. The results indicate that currency substitution exists in Morocco, Libya, and Mauritania; whereas it is absent from Algeria and Tunisia. The pooled data for the five counties indicate that currency substitution is not an important factor in determining money demand.

scholarly journals Determination of Long and Short Run Demand for Money in the West African Monetary Zone (WAMZ) Countries: A Panel Analysis

2018 ◽  
Vol 2 (2) ◽  
pp. 79-97
Author(s):  
Agya Atabani Adi ◽  
Joshua Sunday Riti
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Capital Mobility ◽  
Currency Substitution ◽  
Demand For Money ◽  
Interest Rate Spread ◽  
Long Run ◽  
Effective Exchange ◽  
Short Run ◽  
Effective Exchange Rate

The paper examines demand for real money balances in six West Africa countries, over the 1985-2014 periods using panel Cointegration technique. The result shows that long run money demand is positively related to real income, inflation rate and inversely related to interest rate spread, real effective exchange rate and US real interest rate. Long run income elasticity is greater than unity and less than unity in short run. All variables are significant except effective exchange rate, thus; both currency substitution and capital mobility hypotheses hold in the long run while capital mobility holds only in the short run. We recommend that monetary aggregate should growth slower than economic growth to maintain price stability, countries should try to maintained stable exchange rate and ensured market driven interest rate policy. Keyword: Demand for Money; Interest Rate Spread; Capital Mobility and Currency Substitution, Panel Analysis.JEL CODE: E41, E52, C33, O11.

scholarly journals The transactions demand for money in the presence of currency substitution: evidence from Vietnam

2004 ◽  
Vol 36 (13) ◽  
pp. 1461-1470 ◽  
Author(s):  
Christopher Adam * ◽  
Michael Goujon ◽  
Sylviane Guillaumont Jeanneney
Keyword(s):  
Currency Substitution ◽  
Demand For Money
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