Dollarization in Latin America: Gresham's Law in Reverse?

A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations

1977 • 358 citations

Theory and Implications of Currency Substitution

1981 • 253 citations

The demand for money in developing countries: Assessing the role of financial innovation

1995 • 158 citations

Currency Substitution in Argentina, Mexico, and Uruguay (Substitution de monnaie en Argentine, au Mexique et en Uruguay) (Sustitucion de moneda en Argentina, Mexico y Uruguay)

1985 • 121 citations

Foreign currency deposits and the demand for money in developing countries

1996 • 93 citations

Inflation Stabilization: The Experience of Israel, Argentina, Brazil, Bolivia and Mexico.

1989 • 70 citations

Currency substitution and the real exchange rate: the utility maximization approach

1985 • 70 citations

Monetary Expansion and Real Exchange Rate Dynamics

1981 • 64 citations

The optimal inflation tax in the presence of currency substitution

1989 • 61 citations

Exchange rate dynamics

1984 • 60 citations

The role of transaction costs and rates of return on the demand deposit decision

1979 • 41 citations

The Demand for Money in Developing Countries: Assessing the Role of Financial Innovation

1991 • 35 citations

Inflation and Social Welfare in a Model With Endogenous Financial Adaptation

1992 • 31 citations

Inflation Stabilization in Bolivia

1987 • 30 citations

Currency substitution under finance constraints

1987 • 26 citations

4. Dollarization in Mexico: Causes and Consequences

1983 • 12 citations

Foreign Currency Deposits and the Demand for Money in Developing Countries

1992 • 9 citations

Speculative attacks and currency substitution under managed exchange rate regimes in developing countries

1990 • 7 citations

The Demand for Money in Developing Countries: Assessing the Role of Financial innovation

1991 • 5 citations

Currency Substitution and Financial Innovation

1989 • 5 citations