نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشیار دانشکده اقتصاد دانشگاه تهران
2 استادیار دانشکده اقتصاد دانشگاه تهران
3 کارشناس ارشد اقتصاد
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
In this research we introduce a network effect model to identify the condition under which a parallel invoicing in different currencies would be possible. It also includes a simulation designed to illustrate the dynamics of the currency choice of oil invoicing. The results show that a stable equilibrium of parallel oil invoicing in two currencies can arise if (1) none-network effect costs, such as political or social conditions have a moderate impact on oil market players; (2) transaction costs are low (3) a sufficiently high share of Euro invoicing is expected and finally (4) information costs are either low or declined quickly with increasing use of Euro.
کلیدواژهها [English]
)