000 00676nam a2200109Ia 4500
100 _aKIGUEL, Miguel
245 _aParallel exchange rates in developing countries.
260 _c1995
520 _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.
583 _c3/7/00
_kM2LMGR
942 _cA
999 _c21625
_d21625