TY  - BOOK
ED  - International Monetary Fund.
TI  - Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy
T2  - IMF Working Papers; Working Paper
SN  - 1451948751 :
SN  - 1018-5941
PY  - 1988///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Dual Exchange Rate
KW  - imf
KW  - Exchange Markets
KW  - Exchange Rate
KW  - Exchange Rates
KW  - Price Level
KW  - Dominican Republic
KW  - El Salvador
KW  - Jamaica
KW  - Sierra Leone
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/15049-9781451948752/15049-9781451948752/15049-9781451948752.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451948752
ER  -