01687cas a2200241 a 4500 AALejournalIMF002475 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844955 1018-5941 BD-DhAAL BD-DhAAL Lizondo, Jose Saul. A Noteon Dual Foreign Exchange Markets with official Rationing : Predetermined Versus Floating official Exchange Rate / Jose Saul Lizondo. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (24 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 examines the relationship between the long run rate of inflation and the allocation of transactions between markets in economies that operate dual exchange market regimes and ration foreign exchange in the official market. It shows that wider access of importers to the official market, and wider access of exporters to the free market, are associated with higher rates of inflation and vice versa. The direction of causality among the various variables, and thus the effects of economic policies, depend on whether the official exchange rate is predetermined or floating. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/031 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/031/001.1991.issue-031-en.xml IMF e-Library