Stabilization policies in developing countries with a parallel market for foreign exchange : a formal framework.
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TextPublication details: 1990Action note: - 3/7/00 M2LMGR
| Item type | Current library | Status | Barcode | |
|---|---|---|---|---|
| Analytic | CARICOM Documentation Centre | Available | 0000000014746 |
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.
3/7/00 M2LMGR
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