Author : Eliana La Ferrara
Publisher : World Bank Publications
Page : 64 pages
File Size : 49,86 MB
Release : 1994
Category : Foreign exchange
ISBN :
Book Description
The paper provides an analysis of the mechanisms for foreign exchange allocation used in trade policy reform and an assessment of their effectiveness. The case is strong for avoiding delay in moving to full currency convertibility in dismantling or modifying foreign exchange controls. Movement to a unified free market for exchange would be facilitated by changes in policies and in donor practice, so exchange can be channeled through private sellers.