Smuggling, Currency Substitution and Unofficial Dollarization : A Crime-Theoretic Approach

A Crime-Theoretic Approach

Smuggling, Currency Substitution and Unofficial Dollarization : A Crime-Theoretic Approach
Large stocks of U.S. dollars and other hard currencies circulate in the transition economies, in Latin America, and in other countries that have experienced macroeconomic mismanagement. Using a monetary model that combines the legal restrictions and crime-theoretic traditions, this paper demonstrates how leaky exchange controls lead to currency... READ MORE...

Publication date: October 2000
ISBN 9781451858808
$15.00

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