Dollarization, Seigniorage, and Prices: The Case of North Korea

This study employs a general equilibrium monetary search model to examine the effects of the recent dollarization in North Korea on seigniorage and prices. Maximum seigniorage is generated at a high rate of money growth when dollarization is mild. However, under a high degree of dollarization seigni...

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Veröffentlicht in:	Emerging markets finance & trade 2017-01, Vol.53 (11), p.2463-2475
Hauptverfasser:	Jung, Seung-Ho, Kwon, Ohik, Mun, Sung Min
Format:	Artikel
Sprache:	eng
Schlagworte:	dollarization money North Korea Price stabilization prices search seigniorage
Online-Zugang:	Volltext
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