Alternative Dual Exchange Market Regimes : Some Steady State Comparisons

Some Steady State Comparisons

Alternative Dual Exchange Market Regimes : Some Steady State Comparisons
This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank implements a rationing scheme so as to keep international reserves constant. The paper discusses the effects on the rate of inflation, the balance of... READ MORE...

Publication date: October 1990
ISBN 9781451951851
$15.00

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