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Author = Ghaderi, Saman

Number of Articles: 1
The Hysteresis Effect of Currency Substitution in Iran: Divisia Index Approach

Saman Ghaderi

Volume 22, Issue 72 , October 2017, , Pages 187-212

https://doi.org/10.22054/ijer.2017.8296

Abstract
  This study examines the hysteresis effect of currency substitution in Iran using a model of money-in-the-utility function with two currencies (home and foreign). In this respect, Divisia monetary aggregates has been used for calculating the dollars in circulating. The bounds testing approach to the analysis ...  Read More