01644cas a2200253 a 4500 AALejournalIMF009967 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451948752 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy. Washington, D.C. : International Monetary Fund, 1988. 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 analyzes the implications of devaluation and a variety of structural disturbances in a dual exchange rate economy. A key feature of the model developed is its explicit recognition of both private (fraudulent) and officially-sanctioned cross transactions between the two exchange markets. The principal lesson to be learned from the analysis is that popular notions as to the effects of devaluation or of other disturbances are to be viewed with considerable caution when the dual rate regime involves inter-market transactions. Mode of access: Internet International Financial Markets imf IMF Working Papers; Working Paper ; No. 1988/099 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/099/001.1988.issue-099-en.xml IMF e-Library