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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Ostry, Jonathan
Awduron Eraill: Montiel, Peter
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 1993.
Cyfres:IMF Working Papers; Working Paper ; No. 1993/070
Mynediad Ar-lein:Full text available on IMF