"Currency Substitution" provides a theoretical analysis of monetary phenomena for developing countries and demonstrates that the phenomena of currency substitution and inflation are conceptually different than in industrial countries.
Analysis is presented in both general equilibrium form and in aggregate form and represents a new approach to the problem of inflation in developing countries. A welfare analysis demonstrates the optimality of intervention policies. The theory is supported by an analysis of the experience of four Latin American countries: The Dominican Republic, Argentina, Ecuador and Venezuela.
Формат: 16 см x 24 см.