Castañeda, Juan E.; Damrich, Sebastian; Schwartz, Pedro - In: Economies : open access journal 12 (2024) 10, pp. 1-20
We use a theoretical model to set up the conditions for a country to attain monetary stability by allowing for two freely tradable currencies to circulate in parallel. For this parallel system to function properly, confidence in the good behavior of the monetary authorities in charge of the two...
