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The Dynamics of Currency Substitution, Asset Substitution and De facto Dollarization and Euroization in Transition Countrieses

Feige, Edgar L. - EconWPA - 2003

This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …

Persistent link: https://www.econbiz.de/10005076821

The Dynamics of Currency Substitution, Asset Substitution and De facto Dollarization and Euroization in Transition Countries

Feige, Edgar L. - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005076758

Dollarization and Euroization in Transition Countries: Currency Substitution, Asset Substitution, Network Externalities and Irreversibility

Feige, Edgar; Dean, James - EconWPA - 2002

currency substitution, asset substitution, and dollarization, and examine the consequences of network externalities for …

Persistent link: https://www.econbiz.de/10005119447

Substituting a Substitute Currency – The Case of Estonia

Heimonen, Kari - EconWPA - 2002

or euro-related foreign currency balances. We find substitution between dollarization and euroization to be asymmetric in …

Persistent link: https://www.econbiz.de/10005125495

THE UNDERGROUND ECONOMY AND THE CURRENCY ENIGMA

Feige, Edgar L. - EconWPA - 2005

of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80 …

Persistent link: https://www.econbiz.de/10005076736

EXPECTATIONS AND ADJUSTMENTS IN THE MONETARY SECTOR

Feige, Edgar L. - EconWPA - 2005

This paper examines the problem of appropriately specifying and estimating the money demand function in the presence of adaptive expectations and partial adjustment mechanisms. The paper demonstrates the difficulty of interpreting distributed lag reduced form representations of the monetary...

Persistent link: https://www.econbiz.de/10005076678

ALTERNATIVE TEMPORAL CROSS-SECTION SPECIFICATIONS OF THE DEMAND FOR DEMAND DEPOSITS

Feige, Edgar L. - EconWPA - 2005

This paper examines a broad set of alternative temporal cross- section specifications of the demand for money as a means of estimating the degree of substitution between demand deposits and other liquid assets. Despite differences in data bases, model specifications and estimation techniques,...

Persistent link: https://www.econbiz.de/10005076813

The Three Capitals of Pricing – Human, Systems and Social Capital

Ritson, Mark; Zbaracki, Mark; Dutta, Shantanu; Levy, Daniel - EconWPA - 2005

In this paper we explore the possibility, heretofore unexplored in the marketing literature, that firms “invest funds” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this we undertook a two-year, cross- disciplinary,...

Persistent link: https://www.econbiz.de/10005076823

Beans as a Medium of Exchange

Fried, Harold; Levy, Daniel - EconWPA - 2005

This note describes an experiment, which is an extension of the experiment proposed by Levy and Bergen (1993). The experiment is designed to simulate an environment where something that is very similar to fiat money (i.e., is homogenous, durable, portable, storable, divisible, has no intrinsic...

Persistent link: https://www.econbiz.de/10005119382

Simulating a Multiproduct Barter Exchange Economy

Levy, Daniel; Bergen, Mark - EconWPA - 2005

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the role of money and its functions in real economies by...

Persistent link: https://www.econbiz.de/10005125577