We indicate that achange in the parallel market premium is an appropriate indicator of change in real official rate misalignmentdoi:doi:http://dx.doi.org/Onour, IbrahimCameron, NormanUniversity Library of Munich, GermanyMPRA PaperOnour, I. and N. Cameron (1997) "Parallel market premia and ...
ParallelMarketExchangeRateParallelMarketExchangeRateinOilExportingCountries:inOilExportingCountries:TheCaseofIranTheCaseofIranSamilaAmanyraoufpoorSeminarinInternationalBusinessDr.LouiseKellyAbstractForalmostlastthreedecadesIranhasfaceddomesticandexternalshocks;•IranianRevolution•CapitalFlight•EconomicSanctionsbytheWest...
Kamin (1999), "The use of the parallel market rate as a guide to setting the official exchange rate," in L.E. Hinkle and P.J. Montiel, eds., Exchange rate misalignment: concepts and measurement for developing countries, World Bank: Oxford University Press: 497-538....
Growing disparity between official and parallel market exchange rates has a destabilising effect on formal businesses that must now price their goods and services in the cost of expensive foreign currency from the open market. While the bulk of register
Smuggling, non-fundamental uncertainty, and parallel market exchange rate volatility 来自 EconPapers 喜欢 0 阅读量: 28 作者: Richard Clay Barnett 摘要: We explore a model where smuggling and a parallel currency market arise, owing to government restrictions that prevent agents from legally holding ...
This study analyses the relationship between exchange rate reform and inflation in Congo-DRC, during the 1980s and 1990s. Attempts to unify official and black market exchange rates by officially floating the domestic currency has led to a large increase inflation, with an acceleration in the rate...
As of Wednesday, the official exchange rate stood at US$1:ZWL$5,08 while the greenback fetched as much as ZWL$8 on the parallel market."We are not likely to see a convergence between the parallel market and the interbank simply because your parallel market is going to be a moving target...
This paper develops a model of an economy where the fixed exchange rate is overvalued and coexists with a parallel market for foreign currency. Such a situation persists because the parallel marker is used by the central authorities as an instrument to delay policy changes. Using the Ha茂tian ...
(kubokoji@ide.go.jp)IDEDISCUSSIONPAPERNo.388SourcesofFluctuationsinParallelExchangeRatesandPolicyReforminMyanmarKojiKUBO*February2013AbstractMyanmarmaintainedamultipleexchangeratesystem,andtheparallelmarketexchangeratewasleftuntamed.Inthelasttwodecades,theMyanmarkyatexchangerateoftheparallelmarkethasexhibitedthesharpest...
Businesspeople who export their production have insisted that the government devalue the official exchange rate, now at AR$889.25 in the wholesale market. On Tuesday, Economy Minister Luis Caputo rejected that possibility and insisted that they would maintain the 2% monthly crawling peg. ...