A Note on Dual/multiple Exchange Rates
Author : Emma Xiaoqin Fan
Publisher :
Page : 24 pages
File Size : 45,22 MB
Release : 2004
Category : Foreign exchange rates
ISBN :
Dual and Multiple Exchange Rate Systems in Developing Countries
Author : Nita Ghei
Publisher :
Page : 46 pages
File Size : 21,8 MB
Release : 1992
Category : Foreign exchange
ISBN :
Book Description
The parallel exchange rate (whether official or unofficial) and the resulting spread over the official exchange rate are primarily determined by macroeconomic policies. Policymakers should be cautious in adopting dual (or multiple) exchange rate systems, as they provide less insulation for domestic prices than most analysts assume.
Dual and Multiple Exchange Rate Systems in Developing Countires
Author :
Publisher : World Bank Publications
Page : 36 pages
File Size : 21,94 MB
Release :
Category :
ISBN :
Book Description
Multiple Exchange Rates and Economic Development
Author : Eugene Richard Schlesinger
Publisher :
Page : 92 pages
File Size : 40,92 MB
Release : 1952
Category : Business & Economics
ISBN :
Book Description
Dual Exchange Rates in the Presence of Incomplete Market Separation
Author : Daniel Gros
Publisher :
Page : 27 pages
File Size : 49,98 MB
Release : 2006
Category :
ISBN :
Book Description
The existing literature on dual exchange rate regimes assumes that the separation between the two foreign exchange markets is perfect. In this paper, by contrast, a divergence between the two exchange rates induces a flow of arbitrage activity, the magnitude of which depends on both the costs of evading exchange controls and the size of the exchange rate differential. These arbitrage flows lead to a gradual convergence of the two exchange rates. In the long run, therefore, a dual exchange rate regime with a fixed commercial rate imposes the same constraints as a fixed unified exchange rate.
Parallel Exchange Rates in Developing Countries
Author : Miguel Alberto Kiguel
Publisher :
Page : 68 pages
File Size : 32,88 MB
Release : 1994
Category : Developing countries
ISBN :
Book Description
Parallel Exchange Rates in Developing Countires Lessons from Eight Case Studies
Author :
Publisher : World Bank Publications
Page : 62 pages
File Size : 47,4 MB
Release :
Category :
ISBN :
Book Description
Theoretical and Policy Aspects of Dual Exchange Rate Systems
Author : Miguel Alberto Kiguel
Publisher :
Page : 76 pages
File Size : 23,37 MB
Release : 1986
Category : Balance of payments
ISBN :
Book Description
Empirical Evidence on European Dual Exchange Rates and Its Relevance for Latin America
Author : Nancy Peregrim Marion
Publisher :
Page : 80 pages
File Size : 23,33 MB
Release : 1991
Category : Foreign exchange
ISBN :
Book Description
This paper uncovers some important empirical regularities for the European dual exchange markets of the early 1970s, examines some of the stylized facts about the Latin American dual-rate regimes and assesses whether there are strong parallels between the two. It concludes that one should be cautious about applying the lessons from the European experience to the Latin American ones.
A Note on Dual Foreign Exchange Markets with Official Rationing
Author : J. Saul Lizondo
Publisher :
Page : 24 pages
File Size : 39,56 MB
Release : 2006
Category :
ISBN :
Book Description
This paper examines the relationship between the long run rate of inflation and the allocation of transactions between markets in economies that operate dual exchange market regimes and ration foreign exchange in the official market. It shows that wider access of importers to the official market, and wider access of exporters to the free market, are associated with higher rates of inflation and vice versa. The direction of causality among the various variables, and thus the effects of economic policies, depend on whether the official exchange rate is predetermined or floating.
