Dollarization and currency exchange
Article Abstract:
The research is done to study the dollarization or currency substitution via its use as a medium of exchange in a dual-currency economy. The analysis revealed the predictions regarding, how the values of currencies change after various changes in policy regimes and its effect on the exchange rate.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
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The U.S. current account deficit and the expected share of world output
Article Abstract:
Empirical model of international trading patterns for calculation of American share of global industrial output, based on current account deficit of the United States and real exchange rates of the American dollar, is presented.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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