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Problems of the Evolution of Bimonetary Systems in Transition Economies

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  • N. Luksha

Abstract

The paper investigates the evolution of bimonetary systems in emerging markets. The process characterized by currency or asset substitution is typical for most countries with transition economies. Internal contradictions connected with the circulation of two currencies cause interest to the problem of bimonetary system evolution as a special type of institute. The paper presents a theoretical classification of possible ways of development of bimonetary systems. Particular attention is paid to formalization of the model of bimonetary system evolution with the instruments of the game theory.

Suggested Citation

  • N. Luksha, 2005. "Problems of the Evolution of Bimonetary Systems in Transition Economies," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    • Handle: RePEc:nos:voprec:y:2005:id:1419
    DOI: 10.32609/0042-8736-2005-3-72-82
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