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.
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页码：219 / 224
页数：6
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