KIGUEL, Miguel <br/><br/>
Parallel exchange rates in developing countries. 

 -  1995 
<br/><br/> 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.