GOUJON, Michaël; JEANNENEY, Sylviane GUILLAUMONT; … - Centre d'Études et de Recherches sur le Développement … - 2002
We estimate the demand for money in Vietnam during the 1990s within a framework which distinguishes between currency substitution and portfolio dimensions of dollarization. This leads to a representation for the demand function in which the long-run income elasticity of demand is no longer...