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Dollarization Hysteresis in Russia

  • Shinkevich Andrey

    ()

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    This project aims to (1) explain the forces that lead to dollarization in Russia, (2) analyze the cost and benefits of dollarization, (3) design a policy aimed at reducing dollarization, and (4) predict the consequences of making dollarization official.

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    File URL: https://eercnetwork.com/default/download/creater/working_papers/file/de085a00a42755f172288baffcfd9895da86b71e.pdf
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    Paper provided by EERC Research Network, Russia and CIS in its series EERC Working Paper Series with number 00-087e.

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    Length: 46 pages
    Date of creation: 04 Apr 2002
    Date of revision:
    Handle: RePEc:eer:wpalle:00-087e
    Contact details of provider: Postal:
    EERC Research Network, Russia and CIS, 92/94, Dmytrivska Str., suite 404, Kyiv, 01135 Ukraine

    Phone: +38(044)492-8012
    Fax: +1(202)478-1968
    Web page: http://www.eercnetwork.com

    Order Information: Postal: EERC Research Network, Russia and CIS, 92/94, Dmytrivska Str., suite 404, Kyiv, 01135 Ukraine
    Web: https://eercnetwork.com/paper Email:


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    1. van Aarle, B. & Budina, N., 1995. "Currency substitution in Eastern Europe," Discussion Paper 1995-2, Tilburg University, Center for Economic Research.
    2. Martin Uribe, 1995. "Hysteresis in a simple model of currency substitution," International Finance Discussion Papers 509, Board of Governors of the Federal Reserve System (U.S.).
    3. Miles, Marc A, 1978. "Currency Substitution, Flexible Exchange Rates, and Monetary Independence," American Economic Review, American Economic Association, vol. 68(3), pages 428-36, June.
    4. Bolbol, Ali A., 1999. "Seigniorage, Dollarization and Public Debt: The Lebanese Civil War and Recovery Experience, 1982-97," World Development, Elsevier, vol. 27(10), pages 1861-1873, October.
    5. Fridman Alla & Verbetsky Aleksey, 2001. "Currency Substitution in Russia," EERC Working Paper Series 01-05e, EERC Research Network, Russia and CIS.
    6. Canto, Victor A., 1985. "Monetary policy, `dollarization,' and parallel market exchange rates: The case of the Dominican Republic," Journal of International Money and Finance, Elsevier, vol. 4(4), pages 507-521, December.
    7. Thierry D. Buchs, 1999. "Financial crisis in the Russian Federation: Are the Russians learning to tango?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(3), pages 687-715, November.
    8. Ortiz, Guillermo, 1983. "Currency Substitution in Mexico: The Dollarization Problem," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 15(2), pages 174-85, May.
    9. Stephanie Schmitt-Grohe & Martin Uribe, 2001. "Stabilization policy and the costs of dollarization," Proceedings, Federal Reserve Bank of Cleveland, pages 482-517.
    10. Joannes Mongardini & Johannes Mueller, 1999. "Rachet Effects in Currency Substitution; An Application to the Kyrgyz Republic," IMF Working Papers 99/102, International Monetary Fund.
    11. Kazimierz Stanczak, 1992. "Competing Monies and the Big Polish Inflation of 1989," UCLA Economics Working Papers 682, UCLA Department of Economics.
    12. Engineer, Merwan, 2000. "Currency transactions costs and competing fiat currencies," Journal of International Economics, Elsevier, vol. 52(1), pages 113-136, October.
    13. Choudhry, T., 1998. "Another visit to the Cagan model of money demand: the latest Russian experience," Journal of International Money and Finance, Elsevier, vol. 17(2), pages 355-376, April.
    14. Kiyotaki, Nobuhiro & Wright, Randall, 1993. "A Search-Theoretic Approach to Monetary Economics," American Economic Review, American Economic Association, vol. 83(1), pages 63-77, March.
    15. Fischer, Stanley, 1982. "Seigniorage and the Case for a National Money," Journal of Political Economy, University of Chicago Press, vol. 90(2), pages 295-313, April.
    16. Edgar L. Feige & Michael Faulend & Velimir Sonje & Vedran Sosic, 2001. "Currency Substitution, Unoffical Dollarization and Estimates of Foreign Currency Held Abroad: The Case of Croatia," International Finance 0106001, EconWPA.
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