Foreign Currency Deposits and the Demand for Money in Developing Countries:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Khan, Mohsin S. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 1992
Schriftenreihe:IMF Working Papers Working Paper No. 92/1
Links:http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
http://elibrary.imf.org/view/IMF001/02583-9781451931303/02583-9781451931303/02583-9781451931303.xml
Abstract:This paper examines the relative demands for domestic and foreign currency deposits by residents of developing countries. A dynamic currency substitution model that incorporates forward-looking rational expectations is formulated and then estimated for a group of ten developing countries. The results indicate that the foreign rate of interest and the expected rate of depreciation of the parallel market exchange rate are important factors in the choice between holding domestic money or switching to foreign currency deposits held abroad. From an empirical standpoint, the forward-looking framework adopted here also turns out to be superior to the conventional currency-substitution model
Umfang:1 Online-Ressource (40 p)
ISBN:1451931301
9781451931303