Expectations, Credibility, and the Persistence of Currency Substitution
This study examines why currency substitution proves so difficult to reverse, even after countries succeed in stabilizing inflation. Focusing on Bolivia, Brazil, Mexico, and Turkey—economies that endured severe inflationary episodes before implementing stabilization programs—the paper asks a simple...
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| Materialtyp: | Artigo |
| Språk: | Inglês |
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MDPI AG
2026-04-01
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| Serie: | International Journal of Financial Studies |
| Ämnen: | |
| Länkar: | https://www.mdpi.com/2227-7072/14/4/89 |
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