Alternative Dual Exchange Market Regimes : Some Steady State Comparisons /
This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank implements a rationing scheme so as to keep international reserves constant. The paper discusses the eff...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1990/090 |
| Online Zugang: | Full text available on IMF |