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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Bibliografske podrobnosti
Glavni avtor: Ostry, Jonathan
Drugi avtorji: Montiel, Peter
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1993.
Serija:IMF Working Papers; Working Paper ; No. 1993/070
Online dostop:Full text available on IMF