We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment … medium of exchange) or official dollarization (where the domestic currency is abandoned altogether and replaced with the US …

We study unofficial dollarization, i.e., the use of foreign money alongside the domestic currency, in an environment … medium of exchange) or official dollarization (where the domestic currency is abandoned altogether and replaced with the US …

This paper provides a tractable search model with divisible money that encompasses the two frameworks currently used in … a representative household, but they share information so financial contracts are feasible. Money is essential in the … money holdings is non-degenerate and monetary transfers have distributional effects. However, neither quasi …

In this paper, we study the statistical relationship between money and prices in Argentina during the last quarter of … into two sub-samples: 1976 to 1989 and 1991 to 2001, as these sub-samples represent different exchange rate regimes. We … then apply a filter similar to that of Lucas (1980) and find that correlations between changes in money and prices are …

This paper analyses empirically the relationship between money and output in Peru, based on an orthogonal decomposition … application of wavelet filtering to analyze cointegrating relationships. No evidence of cointegration between money, real output … represent the existence of hidden co- integration. In this context, it is found that (1) the link between money and real output …