01737cas a2200241 a 4500 AALejournalIMF000910 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451951851 1018-5941 BD-DhAAL BD-DhAAL Lizondo, Jose Saul. Alternative Dual Exchange Market Regimes : Some Steady State Comparisons / Jose Saul Lizondo. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 payments, the real exchange rate, and the spread between the free and the official exchange rate, of various economic policies, including exchange rate policy, fiscal policy, and unification of the exchange markets. It concludes that the steady state effects for most of these policies are qualitatively the same under both regimes. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/090 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/090/001.1990.issue-090-en.xml IMF e-Library