Read Network Externalities and Dollarization Hysteresis: The Case of Russia

Network Externalities and Dollarization Hysteresis: The Case of Russia

Nienke Oomes

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Description:Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this "dollarization hysteresis," this paper develops a model in which network externalities in the demand for currency can generate multiple stable steady states for the dollarization ratio. The model is estimated using a new source of data on dollar currency holdings in Russia. On the basis of these estimates, which confirm the existence of network externalities, the paper discusses several policies that could result in a permanent decrease in dollarization.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Network Externalities and Dollarization Hysteresis: The Case of Russia. To get started finding Network Externalities and Dollarization Hysteresis: The Case of Russia, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 37

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2003

ISBN: 6613777552

Description: Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this "dollarization hysteresis," this paper develops a model in which network externalities in the demand for currency can generate multiple stable steady states for the dollarization ratio. The model is estimated using a new source of data on dollar currency holdings in Russia. On the basis of these estimates, which confirm the existence of network externalities, the paper discusses several policies that could result in a permanent decrease in dollarization.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Network Externalities and Dollarization Hysteresis: The Case of Russia. To get started finding Network Externalities and Dollarization Hysteresis: The Case of Russia, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Network Externalities and Dollarization Hysteresis: The Case of Russia

Network Externalities and Dollarization Hysteresis: The Case of Russia

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