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Currency competition and the denomination of wages in the Palestinian territories

Ekman, Linus LU (2013) NEKH01 20131
Department of Economics
Abstract (Swedish)
The Palestinian territories are a rare case of competing currencies and a dollarized economy. Mainly three currencies are used in parallel; the Jordanian Dinar, the Israeli Shekel and the US-Dollar. Through interviews with representatives from different organisations and institutions, this essay intends to shed light on one important node in this monetary setting, namely the currency used for wages.
Some sectors that are dominated by certain currencies are identified and the common feature is the correlation of the main source of income and the denomination of currency in the wage contract. Another important factor determining the currency of the wage is the change in the exchange rate relative to the currency mainly used as medium of... (More)
The Palestinian territories are a rare case of competing currencies and a dollarized economy. Mainly three currencies are used in parallel; the Jordanian Dinar, the Israeli Shekel and the US-Dollar. Through interviews with representatives from different organisations and institutions, this essay intends to shed light on one important node in this monetary setting, namely the currency used for wages.
Some sectors that are dominated by certain currencies are identified and the common feature is the correlation of the main source of income and the denomination of currency in the wage contract. Another important factor determining the currency of the wage is the change in the exchange rate relative to the currency mainly used as medium of exchange. Employees with rare skills are more likely to adjust their wages in accordance to the fluctuations. Employers with market power or societal objectives are keener on allowing such a change. (Less)
Please use this url to cite or link to this publication:
author
Ekman, Linus LU
supervisor
organization
course
NEKH01 20131
year
type
M2 - Bachelor Degree
subject
keywords
Palestinian economy, currency competition, dollarization, hysteresis, network effect
language
English
id
4017193
date added to LUP
2013-09-18 10:47:40
date last changed
2013-09-18 10:47:40
@misc{4017193,
  abstract     = {The Palestinian territories are a rare case of competing currencies and a dollarized economy. Mainly three currencies are used in parallel; the Jordanian Dinar, the Israeli Shekel and the US-Dollar. Through interviews with representatives from different organisations and institutions, this essay intends to shed light on one important node in this monetary setting, namely the currency used for wages.
Some sectors that are dominated by certain currencies are identified and the common feature is the correlation of the main source of income and the denomination of currency in the wage contract. Another important factor determining the currency of the wage is the change in the exchange rate relative to the currency mainly used as medium of exchange. Employees with rare skills are more likely to adjust their wages in accordance to the fluctuations. Employers with market power or societal objectives are keener on allowing such a change.},
  author       = {Ekman, Linus},
  keyword      = {Palestinian economy,currency competition,dollarization,hysteresis,network effect},
  language     = {eng},
  note         = {Student Paper},
  title        = {Currency competition and the denomination of wages in the Palestinian territories},
  year         = {2013},
}