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...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Economics institute, Belgrade
2016-01-01
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Series: | Industrija |
Subjects: | |
Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2016/0350-03731603027P.pdf |