Smuggling, Currency Substitution and Unofficial Dollarization: A Crime-Theoretic Approach
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Mourmouras, Alex (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2000
Schriftenreihe:IMF Working Papers Working Paper No. 00/176
Links:http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
http://elibrary.imf.org/view/IMF001/06287-9781451858808/06287-9781451858808/06287-9781451858808.xml
Abstract:Large stocks of U.S. dollars and other hard currencies circulate in the transition economies, in Latin America, and in other countries that have experienced macroeconomic mismanagement. Using a monetary model that combines the legal restrictions and crime-theoretic traditions, this paper demonstrates how leaky exchange controls lead to currency substitution and progressive dollarization. The paper also analyzes the impact of dollarization on the ability of governments to earn seigniorage, the dynamics of dollarization in a growing economy, and the central role of expectations-specifically, confidence in the domestic currency-in determining the extent of dollarization and, potentially, in reversing it
Umfang:1 Online-Ressource (44 p)
ISBN:1451858809
9781451858808