Is the Parallel Market Premium a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries /
It is often argued that the parallel market premium is a useful indicator of real exchange rate misalignment in developing countries. The empirical evidence does not, however, suggest the existence of a robust correlation between these two endogenous variables that is independent of the nature of ec...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1993.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1993/070 |
| Online pristup: | Full text available on IMF |