TY  - BOOK
ED  - International Monetary Fund.
TI  - A General Equilibrium Model with Informal Financial Markets
T2  - IMF Working Papers; Working Paper
SN  - 1451843577 :
SN  - 1018-5941
PY  - 1991///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bank Credit
KW  - imf
KW  - Bank Deposits
KW  - Exchange Rate
KW  - Foreign Exchange
KW  - Parallel Exchange Rate
KW  - Dominican Republic
KW  - India
KW  - Korea, Republic of
N2  - The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical treatment. A simulation approach, based on parameters derived from estimates in the existing literature, is used to assess the properties of the model, which differ in important ways from those of standard open-economy models
UR  - http://elibrary.imf.org/view/IMF001/00050-9781451843576/00050-9781451843576/00050-9781451843576.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451843576
ER  -