Comparing of Dollarization in Iran’s Economy with Dollarization in Argentina

Abstract

sing the Dollarization theory، this paper attempts to identify the determinants of currency substitution degree in Iran and Argentina. Despite the reduction in the volume of the dollar in some years، the trend of currency substitution has been increasing. This Paper examines Dollarization phenomenon in Iran and Argentina's economy through estimating the Volume of Dollars and Degree of Currency Substitution. The results imply that Dollarization in Iran and Argentina is one-way.

Keywords

• currency substitution
• dollarization
• degree of currency substitution
• iran
• argentina