Money Demand and Inflation in Dollarized Economies : The Case of Russia

The Case of Russia

Money Demand and Inflation in Dollarized Economies : The Case of Russia
Money demand in dollarized economies often appears to be highly unstable, making it difficult to forecast and control inflation. In this paper, we show that a stable money demand function for Russia can be found for "effective broad money," which includes an estimate of foreign cash holdings. Moreover, we find that an excess supply of effective... READ MORE...

Publication date: July 2005
ISBN 9781451861631
$15.00

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