@article{THESIS,
      recid = {3163},
      author = {Zhang, Wei},
      title = {Multiple Currency Paradigm: An analysis from the  perspective of consumers},
      publisher = {University of Chicago},
      school = {M.A.},
      address = {2021-08},
      number = {THESIS},
      abstract = {This paper uses the New Keynesian framework designed in  (Uhlig and Xie, 2021) to explore how consumer's adoption of  multiple digital currencies can transform the dominant  currency paradigm (DCP) into a multiple currency paradigm  (MCP). The result shows that consumers' changing preference  for currencies can change the relative demands across  sectors and prompt firms to adjust their pricing strategy.  The consumers, therefore, trigger a reallocation of the  currency distribution across international markets at the  aggregate level, transforming a DCP into an MCP, with  implications for sectoral output gap and inflation.},
      url = {http://knowledge.uchicago.edu/record/3163},
      doi = {https://doi.org/10.6082/uchicago.3163},
}