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Are you thinking that this is this somehow related to "dollarization" of a country?

Rutherfordian ------------------------------ RDRutherford
by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Sat Jun 2nd, 2007 at 05:34:45 PM EST
[ Parent ]
I'm interested in generic clearing mechanisms and "fungibility".

I'm interested in what forms of value (as opposed to the "anti-value" issued by banks) are capable of crossing borders and what forms of value are naturally bound domestically.

I'm interested in how Mahathir put two fingers up to the global financial system - imposing restrictions on the movement of capital out of Malaysia - and thereby saving his currency form the "locusts".

And much more.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Sat Jun 2nd, 2007 at 06:23:26 PM EST
[ Parent ]
Well I did just happen to have the following PDF on my reading list...
http://www.uta.edu/faculty/crowder/papers/Chapter18.pdf

It has on page 13 (of PDF) a section on Currency Substitution.

Rutherfordian ------------------------------ RDRutherford

by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Sat Jun 2nd, 2007 at 08:33:40 PM EST
[ Parent ]

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