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Financial development and dollarization in Ghana : an empirical investigation

Tweneboah, George; Gatsi, John Garchie; Asamoah, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-21

This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the case of Ghana using the autoregressive distributed lag modelling framework. The data for the study spanned from January 2002 to March 2016. The evidence suggests that...

Persistent link: https://www.econbiz.de/10014232353

Choice of the Substitution Currency in Russia : How to Explain the Dollar's Dominance?

Dorbec, Anna - 2007

for the euro by Russian economic agents is tested for the period 1999-2004. Finally we suggest a theoretical …

Persistent link: https://www.econbiz.de/10012729550

Monetary Disequilibria and the Euro/Dollar Exchange Rate

Nautz, Dieter - 2016

Persistent link: https://www.econbiz.de/10012991317

Currency substitution : evidence from Nigeria

Doguwa, Sani I. - In: CBN journal of applied statistics 5 (2014) 2, pp. 1-23

This paper examines the existence, causes and effects of currency substitution in Nigeria by estimating conventional money demand equations based on a partial adjustment and an autoregressive distributed lag models using three definitions of monetary aggregates. The behavior of the foreign...

Persistent link: https://www.econbiz.de/10011488762

Currency substitution and the stability of the Italian demand for money before the entry into the monetary union, 1972 - 1998

Nielsen, Hannah; Tullio, Giuseppe; Wolters, Jürgen - 2000

A money demand function for M2 is estimated for Italy for the period 1972-1998 within an error correction framework. This period has been characterized by major structural changes in the Italian financial system and by major changes in monetary policy. This study takes these changes into...

Persistent link: https://www.econbiz.de/10009611545

Are different-currency assets imperfect substitutes?

Evans, Martin D. D.; Lyons, Richard K. - 2003

This paper provides a new test for whether different-currency assets are imperfect substitutes. The test exploits that under floating rates, changing public currency demand has no direct effect on monetary fundamentals, current or future. Price effects from imperfect substitutability are clearly...

Persistent link: https://www.econbiz.de/10011508058

Are Different-Currency Assets Imperfect Substitutes?

Evans, Martin D. D.; Lyons, Richard K. - 2021

This paper provides a new test for whether different-currency assets are imperfect substitutes. The test exploits the fact that under floating rates, changing public currency demand has no direct effect on monetary fundamentals, current or future. Price effects from imperfect substitutability...

Persistent link: https://www.econbiz.de/10013319865

Determinants of currency choice in cross-border bank loans

Emter, Lorenz; McQuade, Peter; Pradhan, Swapan-Kumar; … - 2024

-border bank lending in US dollars, and particularly in euro, is highly concentrated in a small number of countries. The UK is … central in the international network of loans denominated in euro, although there are tentative signs that this role has … optimisation strategies. The empirical analysis suggests that euro-denominated loans face the "tyranny of distance", in line with …

Persistent link: https://www.econbiz.de/10014507151

Chartists, fundamentalists and the demand for dollars

Frankel, Jeffrey A. - In: Private behaviour and government policy in …, (pp. 73-126). 1990

Persistent link: https://www.econbiz.de/10001277172

Currency substitution and money demand in Euroland

Freitas, Miguel L. de - In: Atlantic economic journal : AEJ 34 (2006) 3, pp. 275-287

Persistent link: https://www.econbiz.de/10003382332