Detail Inertia in The Key Currency   Oleh:  Ogawa, Eiji ; Sasaki, Yuri Nagataki Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 10 no. 4 (1998), page 421-440. Topik: inertia; inertia; key currency Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper empirically analyzes inertia in the position of the dollar as the key currency. We extend a money - in - the - utility model to one with parallel international currencies. We use an extended model to estimate a parameter in the utility function. Also, given the estimated parameter, we simulate a relation between depreciation and share of the dollar. The result indicates that the share of the dollar will not decrease even if the dollar depreciates at a moderate rate. Thus the dollar will keep its position as the key currency – inertia works in the key currency. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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