Review Money and Credit Under Currency Substitution

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Money and Credit Under Currency Substitution High quality books

Money and Credit Under Currency Substitution
By:Mr. Carlos A. Rodriguez
Published on 1992-11-01 by International Monetary Fund

This paper examines the effects on the supply of money and credit of a repatriation of foreign assets in an economy subject to currency substitution. In the absence of 100 percent reserve requirements, such a change in the location of deposits, which is not compensated by an increase in money demand, induces a credit boom that works itself out through a transitory current account deficit and real currency appreciation. These results are illustrated with data from the recent experience in Argentina and Peru where local banks have been authorized to capture dollar deposits from residents.

This Book was ranked at 22 by Google Books for keyword Currency.

Book ID of Money and Credit Under Currency Substitution's Books is WG1QErPx7L4C, Book which was written byMr. Carlos A. Rodriguezhave ETAG "1gRAWJncoao"

Book which was published by International Monetary Fund since 1992-11-01 have ISBNs, ISBN 13 Code is 9781455216109 and ISBN 10 Code is 1455216100

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Book which have "18 Pages" is Printed at BOOK under CategoryBusiness and Economics

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