The currency substitution aspect of dollarization in the Republic of Armenia is investigated. The direction and substance of relations between currency substitution in the Republic of Armenia and influencing factors are analyzed. An econometric model reflecting mutual relationship between currency substitution and its determining factors has been created. The latter overpasses the borders of classic approaches for the estimation and modeling of dollarization and is based on the “Money-in-Utility-Function” approach.
THE ALTERNATIVE APPROACH TO MODELING OF DOLLARIZATION IN THE REPUBLIC OF ARMENIA FROM THE VIEWPOINT OF CURRENCY SUBSTITUTION
Popoyan Lilit
2011-01-01
Abstract
The currency substitution aspect of dollarization in the Republic of Armenia is investigated. The direction and substance of relations between currency substitution in the Republic of Armenia and influencing factors are analyzed. An econometric model reflecting mutual relationship between currency substitution and its determining factors has been created. The latter overpasses the borders of classic approaches for the estimation and modeling of dollarization and is based on the “Money-in-Utility-Function” approach.File in questo prodotto:
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