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Demand for Currency Substitution

Author

Listed:
  • John J. Seater

Abstract

Razvijen je transakcioni model tražnje za raznovrsnim sredstvima razmene. Neki rezultati su očekivani, a drugi su kako novi, tako i iznenađujući. Postoje ekstenzivne i intenzivne margine supstitucije valute, a inflacija bi mogla različito uticati na te dve margine, što vodi ka suptilnom podstreku za prihvatanje ili napuštanje supstitutivne valute. Varijabile koje prethodno u literaturi nisu bile uzimane u obzir se na kompleksne i neočekivane načine odražavaju na supstituciju valute. Posebno su važni nivo dohotka i struktura izdataka za potrošnju, koji se povezuju i sa drugim varijablama u modelu. Nezavisan empirijski rad teoriji pruža podršku. Ključne reči: Supstitucija valute, Dolarizacija.JEL: E41, E42, E31.

Suggested Citation

  • John J. Seater, 2008. "Demand for Currency Substitution," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(4), pages 405-437.
    • Handle: RePEc:voj:journl:v:55:y:2008:i:4:p:405-437:id:259
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    More about this item

    Keywords

    Supstitucija valute; Dolarizacija;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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