Foreign Exchange Queues, Informal Traders, and a Zero Premium in the Black Market : A Cape Verdean Puzzle /
During 1996-98, several indicators hinted at the apparent unsustainability of Cape Verde's exchange rate peg. The country, faced with a considerable backlog of approved but unmet applications for foreign currencies, tolerated a parallel market. Street traders, however, demanded only negligible...
| Auteur principal: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1999/110 |
| Accès en ligne: | Full text available on IMF |