01772cas a2200253 a 4500 AALejournalIMF004409 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850062 1018-5941 BD-DhAAL BD-DhAAL Ucer, E. Exchange Market Reform, Inflation, and Fiscal Deficits / E. Ucer, Pierre-Richard Agenor. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (62 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 short- and long-run effects of exchange market reform in developing countries. The first part reviews the recent experience of Guyana, India, Jamaica, Kenya, Sierra Leone, and Sri Lanka with exchange market reform. The second part studies analytically the short-run dynamics of the parallel market premium and the money supply upon unification, when the post-reform regime consists of either a pure float or a managed float. The third part discusses the impact of unification on inflation and quasi-fiscal deficits, and identifies a variety of implicit taxes and subsidies that must be taken into account in assessing the longer-run effects of exchange market reform. Mode of access: Internet Agenor, Pierre-Richard. IMF Working Papers; Working Paper ; No. 1995/078 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/078/001.1995.issue-078-en.xml IMF e-Library