Parallel Currency Markets in Developing Countries : Theory, Evidence, and Policy Implications.
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...
| Corporate Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1990.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1990/114 |
| Online Access: | Full text available on IMF |