Exchange Restrictions and Devaluation Crises /

This paper develops a model of devaluation crises for an economy where foreign exchange restrictions lead to the emergence of a parallel market. The devaluation rule relates the size of the parity change to the spread between the official and parallel exchange rates. The mechanism that triggers the...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Agenor, Pierre-Richard
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1990.
Sarja:IMF Working Papers; Working Paper ; No. 1990/084
Linkit:Full text available on IMF