Testing of currency substitution effect on exchange rate volatility in Serbia

Despite numerous different definitions existing in the literature, currency substitution is generally understood as a phenomenon when domestic residents prefer to use foreign currency rather than domestic currency. The main reasons for such phenomenon include high and volatile inflation, strong depr...

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Bibliographic Details
Main Authors: Petrović Predrag, Filipović Sanja, Nikolić Goran
Format: Article
Language:English
Published: Economics institute, Belgrade 2016-01-01
Series:Industrija
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2016/0350-03731603027P.pdf