haku: @indexterm Cointegration / yhteensä: 76
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| Tekijä: | Kamin, S.B. Ericsson, N.R. |
| Otsikko: | Dollarization in post-hyperinflationary Argentina |
| Lehti: | Journal of International Money and Finance
2003 : APR, VOL. 22:2, p. 185-211 |
| Asiasana: | Cointegration Currency substitution Error correction models Hyper-inflation Money demand Argentina |
| Kieli: | eng |
| Tiivistelmä: | The continued dollarization of the Argentine economy, which experienced a rapid decline in inflation is analyzed following the hyperinflations of the 1980s. First, a measure of dollar currency circulating in Argentina is developed, thereby improving upon previous studies of dollarization and currency substitution that focused on dollar deposit holdings only. Second, cointegration analysis of peso money demand in Argentina finds a negative "ratchet effect" from inflation. |
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