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Sustitución de Monedas, Dualidad e Indeterminación del Tipo de Cambio: Análisis Empírico de la Experiencia Venezolana

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  • Jaime Márquez

Abstract

We develop a currency substitution model to explain the 400 percent depreciation of the free market exchange rate of the Venezuelan bolivar. Applying duality theory, we find that currency substitution is a necessary condition for such a depreciation. Usin

Suggested Citation

  • Jaime Márquez, 1984. "Sustitución de Monedas, Dualidad e Indeterminación del Tipo de Cambio: Análisis Empírico de la Experiencia Venezolana," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 21(64), pages 299-314.
    • Handle: RePEc:ioe:cuadec:v:21:y:1984:i:64:p:299-314
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