The currency substitution has occurred in Latin America for a long time.
用美元代替本国货币在拉丁美洲已经有很长历史。
It systematically analyzes the currency non-nationalization theory, and currency substitution theory as well as the law of currency competition.
系统分析了货币非国有化理论、货币替代理论以及货币竞争的法则。
It can be essentially seen as the substitution of the functions of domestic currency by foreign currency, and can also be analyzed from the aspect of the motive of monetary demand.
货币替代在本质上表现为外币在货币职能上替代本币，也可从货币需求动机上对其进行分析。
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