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Currency Substitution in Mexico.
- Source :
- Journal of Money, Credit & Banking (Ohio State University Press); May83, Vol. 15 Issue 2, p174-185, 12p, 3 Charts, 1 Graph
- Publication Year :
- 1983
-
Abstract
- The article focuses on the currency substitution of demand deposits in Mexico. The article explains that "dollarization" is defined as the degree to which real and financial transactions are performed in dollars relative to those realized in domestic currency. The author states that previous studies suggest that monetary policy will become useless in a country where foreign currencies are used as substitutes for domestic currency. The article also discusses dollarization from a historical perspective and the causes and effects of the dollarization of demand deposits.
- Subjects :
- DOLLARIZATION
CURRENCY substitution
FOREIGN exchange
MONETARY policy
BANK deposits
Subjects
Details
- Language :
- English
- ISSN :
- 00222879
- Volume :
- 15
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Journal of Money, Credit & Banking (Ohio State University Press)
- Publication Type :
- Academic Journal
- Accession number :
- 5164070
- Full Text :
- https://doi.org/10.2307/1992398