GOUJON, Michaël; JEANNENEY, Sylviane GUILLAUMONT; … - Centre d'Études et de Recherches sur le Développement … - 2002
for currency substitution only in the long-run, and for portfolio effects only in the short-run. We interpret this as …We estimate the demand for money in Vietnam during the 1990s within a framework which distinguishes between currency … substitution and portfolio dimensions of dollarization. This leads to a representation for the demand function in which the long …