Currency restrictions, government transaction policies and currency exchange (Q1865163): Difference between revisions
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Latest revision as of 01:16, 20 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Currency restrictions, government transaction policies and currency exchange |
scientific article |
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Currency restrictions, government transaction policies and currency exchange (English)
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25 March 2003
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This paper constructs a monetary search model, where agents have the choice to hold a good, a domestic currency, or a foreign currency. The paper shows the existence of, and characterizes, the various possible equilibria. The paper then studies the impact of restrictions on the internal use of foreign currency, and of taxes on the domestic currency. These results are applied especially to dollarized economies, such as those of the CIS.
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search theory
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currency exchange
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