When two countries are identical and perfectly integrated, symmetric government transaction policies are necessary and sufficient for perfect substitutability between currencies. When government transaction policies are symmetric and integration is not perfect, the national money is more valued within borders.
Asymmetric Government Transaction Policies and Currencies Substitutability
SENESI, Pietro;
2007-01-01
Abstract
When two countries are identical and perfectly integrated, symmetric government transaction policies are necessary and sufficient for perfect substitutability between currencies. When government transaction policies are symmetric and integration is not perfect, the national money is more valued within borders.File in questo prodotto:
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