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003			OSt
005			20160112151406.0
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008			160112b xxu||||| |||| 00| 0 eng d
040			_cNDC
086			_a00643-GG
100			_aCalvo, Guillermo A.
100			_aVegh, Carlos A.
245			_aCurrency substitution in developing countries: an introduction
260			_bMF
260			_cMay 1992
300			_aii, 35 p.
520			_a This paper reviews the main policy and analytical issues related to currency subsitutions in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how the presence of currency substitution affects the choice of nominal anchors in inflation stabilization programs; third, the effects of changes in the rate of growth of the money supply on the real exchange rate; fourth, the interaction between inflationary finance and currency substitution; and, finally, issues related to the empirical verification of the currency substitution hypothesis. (Extracted from document)
556			_aGeneral
650			_aCURRENCIES
650			_aMONETARY POLICY
650			_aINTERNATIONAL MONETARY SYSTEM
650			_aEXCHANGE RATE
650			_aINFLATION
650			_aMONEY
942			_h11.02.01 _2NDC _cGL
999			_c11166 _d11166