Cross Border Trade And The Parallel Currency Market
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Cross Border Trade And The Parallel Currency Market
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Author : Ann Schlyter
language : en
Publisher:
Release Date : 1999
Cross Border Trade And The Parallel Currency Market written by Ann Schlyter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Debts, External categories.
Cross Border Trade And The Parallel Currency Market
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Author : Y (Yahaya); Meagher Hashim (K (Kate).)
language : en
Publisher:
Release Date : 1999
Cross Border Trade And The Parallel Currency Market written by Y (Yahaya); Meagher Hashim (K (Kate).) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Cross Border Trade And The Parallel Currency Market
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Author : Yahaya Hashim
language : en
Publisher: Nordic Africa Institute
Release Date : 1999
Cross Border Trade And The Parallel Currency Market written by Yahaya Hashim and has been published by Nordic Africa Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
The authors of this study challenge the assumptions of the World Bank that the expansion in informal cross-border trade is a vindication of the market-liberalizing thrust of structural adjustment, and that adjustment policies have improved the effectiveness of an "independent" bourgeoisie that is emerging out of this trade as an agent of regional integration. Instead, they make the case for the adoption of what they call a "development approach" for tapping the benefits of the informal currency markets, as an alternative to the "market coercion" of structural adjustment.
Parallel Currency Markets In Developing Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-12-01
Parallel Currency Markets In Developing Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-12-01 with Business & Economics categories.
The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
Parallel Currency Markets In Developing Countries
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Author : Pierre-Richard Agénor
language : en
Publisher: International Finance Section Department of Econ Ton Univers
Release Date : 1992
Parallel Currency Markets In Developing Countries written by Pierre-Richard Agénor and has been published by International Finance Section Department of Econ Ton Univers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Foreign exchange categories.
Parallel Exchange Rates In Developing Countries
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Author : Miguel A. Kiguel
language : en
Publisher: Springer
Release Date : 2016-07-27
Parallel Exchange Rates In Developing Countries written by Miguel A. Kiguel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.
'...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combining elegant theory and state of the art econometrics to reach very sensible policy conclusions.' - Mohsin S. Khan, Deputy Director, Research Department, International Monetary Fund ' This book fills an important vacuum in the literature of the economic consequences of parallel markets and should prove of great value to students of economic development and to policy-makers in developing countries as they struggle to reform their exchange rate and trade incentive systems. Here they will find all that they need to know.' - Vittorio Corbo, Professor of Economics, Universidad Catolica de Chile 'A most comprehensive treatment of the relationships between parallel foreign exchange markets and macroeconomic policies, both across countries and over time. The book substantially enhances our understanding of how these systems work in practice and will be of great interest to policy-makers, researchers and graduate students of economic policy.' - Samuel M. Wangwe, Professor of Economics, University of Dar es Salaam and Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries. An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.
Stabilization Policies In Developing Countries With A Parallel Market For Foreign Exchange
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Author : Pierre-Richard Agénor
language : en
Publisher: International Monetary Fund
Release Date : 1990-03-01
Stabilization Policies In Developing Countries With A Parallel Market For Foreign Exchange written by Pierre-Richard Agénor and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-03-01 with Business & Economics categories.
The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated with an increase in output and prices, a fall in the stock of net foreign assets, and a depreciation of the parallel exchange rate. The speed of adjustment is inversely related to the degree of rationing in the official foreign currency market. A once-for–all devaluation of the official exchange rate has no long-term effect on the premium.
International Trade And Currency Exchange
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Author : Hélène Rey
language : en
Publisher:
Release Date : 1999
International Trade And Currency Exchange written by Hélène Rey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Foreign exchange categories.
Inconvertibility And The Unofficial Or Parallel Market For Foreign Currency
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Author : Elcyon Caiado Rocha Lima
language : en
Publisher:
Release Date : 1986
Inconvertibility And The Unofficial Or Parallel Market For Foreign Currency written by Elcyon Caiado Rocha Lima and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.
This paper describes a model of the determination of the official and unofficial (parallel) exchange rates for a situation in which there is (potentially) a demand to hold foreign currency and in which holdings of the foreign currency cannot be freely altered by trade at the offical exchange rate (with the central bank). Instead, the existing stock of foreign currency is traded at the unoffical exchange rate and alterations in the existing stock come about only through a costly smuggling activity. The model is nonstochastic. It is a model of a small country- in the sense that foreign prices and interest rates are taken as given- that is inhabited by overlapping generations. No restrictions are imposed on international trade in goods and a special form of exchange rate flexibility is assumed. The model is particularly helpful in isolating different sources for the existence of black markets for foreign currences. It does shed some light on the welfare implications of domestic currency convertibility (when trade restrictions are not significant).
Foreign Exchange Restrictions And The Parallel Currency Market In India
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Author : Rangarajan Krishnamani
language : en
Publisher:
Release Date : 2001
Foreign Exchange Restrictions And The Parallel Currency Market In India written by Rangarajan Krishnamani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.