Gift Guide

Currency Substitution: Theory and Evidence from Latin America / Edition 1

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $8.14
Usually ships in 1-2 business days
(Save 94%)
Other sellers (Hardcover)
  • All (10) from $8.14   
  • New (4) from $86.06   
  • Used (6) from $8.14   

Product Details

  • ISBN-13: 9780898381955
  • Publisher: Springer Netherlands
  • Publication date: 3/31/1987
  • Edition description: 1987
  • Edition number: 1
  • Pages: 198
  • Product dimensions: 0.56 (w) x 9.21 (h) x 6.14 (d)

Table of Contents

1. Introduction.- References.- 2. A General Equilibrium Theory of Exchange Rates and Managed Floating.- 1. Multiple Shastic Exchange Rate Equilibria.- 1.1 The Model.- 1.2 Multiple Equilibria.- 1.3 Mathematical Appendix.- 2. Price Uncertainty and Flexible Exchange Rates.- 2.1 Additional Model Specification.- 2.2 Temporary Equilibrium.- 2.3 Remarks.- 3. A Welfare Analysis.- 3.1 Additional Model Specifications.- 3.2 Risk Sharing and R(FE,PA) Regimes.- 3.3 Loosely and Tightly Managed Float Regimes.- 3.4 A Word on Fixed Exchange Rates.- 3.5 Concluding Remarks.- 3.6 Mathematical Appendix.- References.- 3. Empirical Implementation of the Instability Hypothesis.- 1. Instability and Theoretical Models.- 2. Modelling Considerations.- 3. The Model.- 4. Equilibrium with Government Intervention.- 5. Dominican Currency Crises.- 6. Concluding Remarks.- References.- 4. Currency Substitution and Small Open Economies: The Case of the Dominican Republic.- 1. Stylized Institutional Features of the Dominican Republic Parallel Market.- 2. The Empirical Model.- 2.1 Solution to the Market Clearing Exchange Rate under Imperfect Information.- 3. Empirical Analysis.- 3.1 The Univariate ARIMA Models for the Different Variables.- 3.2 Causal Structure Between the Exchange Rate and Domestic Money Supply.- 3.3 The Transfer Function Model.- 4. Summary and Conclusions.- Notes.- References.- 5. Dominant Currencies and Monetarism in Argentina.- 1. Introduction.- 2. Basic Dominant Currency Modelling Considerations.- 3. A Summary of Argentina’s Exchange Rate Systems 1956–82.- 4. The Case of Argentina.- 4.1 Nominal Exchange Rate, Domestic Money Supply Growth and Foreign Prices.- 4.2 Inflation and Money Supply Growth.- 4.3 Real Exchange Rates, Domestic Money Supply Growth and Foreign Prices.- 5. Evidence of One Way Currency Substitution.- 6. Money, Exchange Rates, and Prices.- References.- 6. Venezuela and Ecuador—Currency Substitution in Oil Economies.- 1. Stability and Homogeneity.- 2. Frequency Analysis of Money and Prices.- 3. Concluding Remarks.- References.- 7. Conclusion.
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)