01537cas a2200241 a 4500 AALejournalIMF007736 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451943221 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Parallel Currency Markets in Developing Countries : Theory, Evidence, and Policy Implications. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (52 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 The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy -including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets- in countries with a sizable parallel market are also examined. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/114 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/114/001.1990.issue-114-en.xml IMF e-Library