Parallel Currencies under Free Floating Exchange Rates: A Model Setting Out the Conditions for Stable Currency Competition DOI Creative Commons
Juan E. Castañeda, Sebastian Damrich,

Pedro Schwartz

и другие.

Economies, Год журнала: 2024, Номер 12(10), С. 257 - 257

Опубликована: Сен. 24, 2024

We use a theoretical model to set up the conditions for country attain monetary stability by allowing two freely tradable currencies circulate in parallel. For this parallel system function properly, confidence good behavior of authorities charge is key. Our shows how floating exchange rate between can keep issuers local currency check. The results from our show under which disciplines and thus maintains their purchasing power. In non-volatile economies, it also discourages governments (or private issuers) inflating one as means raise seigniorage, policy displacement market. When foreign payments shortfall—such Greece Cyprus during ‘euro crisis’ mid-2010s, or intractable hyperinflation—leave without medium exchange, choice restore circulation offer path achieving maintaining stability.

Язык: Английский

New strategies for detecting atypical observations based on the information matrix equality DOI
Francisco Cribari‐Neto, Klaus L. P. Vasconcellos, José Jairo Santana-e-Silva

и другие.

Journal of Applied Statistics, Год журнала: 2025, Номер unknown, С. 1 - 21

Опубликована: Апрель 4, 2025

Язык: Английский

Процитировано

0
Parallel Currencies under Free Floating Exchange Rates: A Model Setting Out the Conditions for Stable Currency Competition DOI Creative Commons
Juan E. Castañeda, Sebastian Damrich,

Pedro Schwartz

и другие.

Economies, Год журнала: 2024, Номер 12(10), С. 257 - 257

Опубликована: Сен. 24, 2024

We use a theoretical model to set up the conditions for country attain monetary stability by allowing two freely tradable currencies circulate in parallel. For this parallel system function properly, confidence good behavior of authorities charge is key. Our shows how floating exchange rate between can keep issuers local currency check. The results from our show under which disciplines and thus maintains their purchasing power. In non-volatile economies, it also discourages governments (or private issuers) inflating one as means raise seigniorage, policy displacement market. When foreign payments shortfall—such Greece Cyprus during ‘euro crisis’ mid-2010s, or intractable hyperinflation—leave without medium exchange, choice restore circulation offer path achieving maintaining stability.

Язык: Английский

Процитировано

1