Trade Reform Under Partial Currency Convertibility : Some Suggestive Results

Some Suggestive Results

Nopic
This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the analysis indicate that the preferred sequence of... READ MORE...

Publication date: August 1988
ISBN 9781451960587
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