Foreign Currency Deposits and the Demand for Money in Developing Countries /
This paper examines the relative demands for domestic and foreign currency deposits by residents of developing countries. A dynamic currency substitution model that incorporates forward-looking rational expectations is formulated and then estimated for a group of ten developing countries. The result...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1992
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| Series: | IMF Working Papers; Working Paper ;
No. 1992/001 IMF eLibrary |
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