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Parallel exchange rates in developing countries.

By:

KIGUEL, Miguel

Material type: Text

TextPublication details: 1995Action note:

3/7/00 M2LMGR

Summary: Presents a typology of parallel systems, discusses their emergence, and looks at why countries prefer these arrangements to the main alternatives. Examines the ability of parallel markets to insulate international reserves and domestic prices from shocks to the balance of payments. Compares the experiences of countries that have attempted to unify their foreign exchange markets and discusses the implications for policy alternatives.

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Holdings
Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000015639

Presents a typology of parallel systems, discusses their emergence, and looks at why countries prefer these arrangements to the main alternatives. Examines the ability of parallel markets to insulate international reserves and domestic prices from shocks to the balance of payments. Compares the experiences of countries that have attempted to unify their foreign exchange markets and discusses the implications for policy alternatives.

3/7/00 M2LMGR

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