Anticipated Exchange Rate Reforms

Anticipated Exchange Rate Reforms
Exchange rate reforms in developing countries have often aimed at floating the exchange rate in an attempt to unify the official and parallel markets for foreign exchange. This paper examines the anticipatory dynamics associated with such reforms. The analysis shows that if the future unified exchange rate is more depreciated than the prevailing... READ MORE...

Publication date: May 1992
ISBN 9781451845075
$15.00

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