Currency substitution, risk premia and the Taylor principle

DOI10.1016/J.JEDC.2014.09.028MaRDI QIDQ1991944zbMATH OpenOpenAlexFDO

Authors Marco Airaudo

Publication date 2 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.09.028

zbMATH Keywords

currency substitutiondeterminacydollarizationinterest rate rulessmall open economyTaylor principle

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• An estimated stochastic general equilibrium model with partial dollarization: a Bayesian approach
• Currency substitution: New evidence from emerging economies
• Does trade openness matter for aggregate instability?
• Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
• Learning about monetary policy rules when the cost-channel matters
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic

Cited in

(5)

• Near unit root small open economies
• Currency substitution: New evidence from emerging economies
• Exchange rate risk and interest rate: A case study for Turkey
• Is Currency Risk Priced in Global Equity Markets?*
• A microfounded approach to currency substitution and government policy

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