The shift from a domestic currency (peso) to dollar denominated deposits (deposit dollarization) in Argentina and Bolivia is explained with a nonlinear model that incorporates ratcheting effects, hysteresis and network externalities. There are two principal factors behind these …
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Numerous mechanical phenomena demonstrate the cyclical nonlinear behavior known as hysteresis. A literature review highlights the applicability of hysteretic analysis to a wide variety of mechanical systems and provides a historical overview of mathematical models developed for …
Fifteen years of civil war and the economic crisis in 1992 left remarkable scars on the Lebanese economy. The dramatic devaluation of the Lebanese Pound (LBP) and high inflation rate imposed a real threat for the wealth of individuals and firms. They sought refuge in the US doll…
This dissertation presents an empirical study on currency substitution and its implications on optimal seignorage collection, as well as hysteresis effect in a highly inflationary economy, namely Turkey. First, we investigate the degree of currency substitution in Turkey, using …
Table of Contents Introduction to Applied Superconductivity and Macroscopic Theory. Hysteresis in Ordinary Bulk Superconductors. Multifilament Superconductors. High-Tc superconductors.
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