Stabilization policies in developing countries with a parallel market for foreign exchange : a formal framework.
Agenor, Pierre-Richard
Stabilization policies in developing countries with a parallel market for foreign exchange : a formal framework. - 1990
Develops a model which incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features and forward-looking rational expectations. Uses this model to examine the implications of the existence of illegal trade transactions and parallel currency markets for short-run policy making in developing countries.
Stabilization policies in developing countries with a parallel market for foreign exchange : a formal framework. - 1990
Develops a model which incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features and forward-looking rational expectations. Uses this model to examine the implications of the existence of illegal trade transactions and parallel currency markets for short-run policy making in developing countries.