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Keywords = Divisia Index
Number of Articles: 2
The Hysteresis Effect of Currency Substitution in Iran: Divisia Index Approach
Volume 22, Issue 72 , October 2017, , Pages 187-212
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 MoreThe Role of Definition of Money in the Stability of the Iranian Demand for Money
Volume 8, Issue 29 , February 2007, , Pages 47-74