Kumamoto, Hisao - In: International Journal of Financial Research 5 (2014) 4, pp. 1-12
We empirically investigate recent experiences with currency substitution. We focus especially on the determinants of … currency substitution, namely, the factors representing the usefulness of a foreign currency both as a medium of exchange and a … we investigate whether the determinants of currency substitution have changed in recent periods. Third, we derive an …