Analyzes the factors accounting for the American dollar as the leading international
currency. Expansion of the concept of a currency region, developed by B. Cohen; Functions …

Using quarterly data for the period from 1983: Q1 until 2019: Q4, we identify a stable money
demand relationship for the euro area M3, with the US long-term interest rate as a regressor …

This study tests for the existence of currency substitution and attempts to gauge its
magnitude in Nigeria. The analysis was based on a multi-perspective unrestricted portfolio …

Purpose: This paper examines the effects of currency substitution on general business
indicators in Nigeria. Theoretical framework: This paper is based on portfolio balance theory …

This study analyzes the implications of currency substitution and exchange rate volatility for
monetary policy in Nigeria. It adopts the unrestricted portfolio balance model of currency …

The objective of this study is to investigate the importance of the US dollar to six Asian
economies, as a substitute or complement to domestic monetary assets. Towards this goal …

This paper discusses the main potential sources of instability of money demand in Europe
originating from institutional changes in the financial system and currency substitution …

We extend the Thomas (1985) dynamic optimizing model of money demand and currency
substitution to the case in which the individual has restricted or no access to foreign currency …

Currency substitution in selected African countries | Emerald Insight Books and journals
Case studies Expert Briefings Open Access Publish with us Advanced search Currency …

Economic and political uncertainty, high inflation and liberalization of foreign exchange
restrictions have encouraged substantial currency substitution in the economies in transition …