Parallel Currency Markets in Developing Countries
Download or Read eBook Parallel Currency Markets in Developing Countries PDF written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-12-01 with total page 52 pages. Available in PDF, EPUB and Kindle.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 52 |
| Release | : 1990-12-01 |
| ISBN-10 | : 9781451943221 |
| ISBN-13 | : 1451943229 |
| Rating | : 4/5 (21 Downloads) |
Book Synopsis Parallel Currency Markets in Developing Countries by : International Monetary Fund
Book excerpt: The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
