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The Global Crisis of the Late 2000s and Currency Substitution: A Study of Three Eastern European Economies Russia, Turkey and Ukraine Cover

The Global Crisis of the Late 2000s and Currency Substitution: A Study of Three Eastern European Economies Russia, Turkey and Ukraine

Open Access
|May 2015

References

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  3. 3. Bahmani-Oskooee, M. (1996). The black market exchange rate and demand for money in Iran. Journal of Macroeconomics, 18, 171-176.
  4. 4. Calvo, G. A., Végh, C. A. (1992). Currency substitution in developing countries: An Introduction. IMF working paper.
  5. 5. Civcir, I. (2003). Money demand, financial liberalization and currency substitution in Turkey. Journal of Economic Studies, 30 (5), 514-534.
  6. 6. Feige, E. L. (2003). Dynamics of Currency Substitution, Asset Substitution and De facto Dollarisation and Euroisation in Transition Countries, Comparative Economic Studies. Palgrave Macmillan Journals, 45 (3), 358-383.
  7. 7. Havrylyshyn, O., Beddies, C. (2003). Dollarisation in the Former Soviet Union: from Hysteria to Hysteresis. Comparative Economic Studies, 45, 329-357.
  8. 8. Kaplan, M. (2008). Currency Substitution: Evidence from Turkey. International Research Journal of Finance and Economics, 21.
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  10. 10. Lissovolik, B. (2003). Determinants of inflation in a transition economy: The case of Ukraine. IMF working paper.
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  12. 12. Salvatore, D. (2001). Which countries in the Americas should dollarize? Journal of Policy Modeling, 23 (3), 347-355.
  13. 13. The data was retrieved from the following sources: the Central Bank of Turkey http://www.tcmb.gov.tr/wps/wcm/connect/tcmb+en/tcmb+en; the Central Bank of Russia http://www.cbr.ru/eng/ and the National Bank of Ukraine http://www.bank.gov.ua/control/en/.
Language: English
Page range: 5 - 22
Submitted on: Mar 31, 2015
Accepted on: Apr 17, 2015
Published on: May 15, 2015
Published by: Central Bank of Montenegro
In partnership with: Paradigm Publishing Services

© 2015 Gurkan I. Akalin, Edmund L. Prater, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.