00629nam a2200085Ia 4500100001900000245005300019260000900072520044300081583001900524  aKIGUEL, Miguel  aParallel exchange rates in developing countries.  c1995  aPresents 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.  c3/7/00kM2LMGR