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...

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Bibliografiske detaljer
Hovedforfatter: Agenor, Pierre-Richard
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1990.
Serier:IMF Working Papers; Working Paper ; No. 1990/084
Online adgang:Full text available on IMF

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