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- W168090883 abstract "Publisher Summary This chapter discusses the currency substitutions and monetary policies. It presents the sources and consequences of increasing substitutability among the currencies of the countries that participate in the process of European integration. Most of the academic work on the effects of currency substitution has concentrated on flexible exchange rates. The chapter presents a survey of the research questions concerning the problem of currency substitution in Europe, rather than a specific theoretical or empirical analysis of any one of them. The questions for monetary theory raised by the process of European integration are numerous, and in some cases very hard. It is therefore useful to discuss them together in the attempt to build a chart of a rich and important research area." @default.
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- W168090883 date "1991-01-01" @default.
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- W168090883 title "Currency Substitution and Monetary Policy" @default.
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- W168090883 doi "https://doi.org/10.1016/b978-0-444-89083-2.50023-5" @default.
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