Experience with Floating Interbank Exchange Rate Systems in Five Developing Economies /

This paper reviews the experience with floating interbank exchange rate systems in five developing countries--The Gambia, Guyana, Jamaica, Nigeria and Sri Lanka--and draws some conclusions about the stability and efficiency of these systems. The experience of these countries illustrates both the dif...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Galbis, Vicente
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 1993.
Cyfres:IMF Working Papers; Working Paper ; No. 1993/036
Mynediad Ar-lein:Full text available on IMF
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100 1 |a Galbis, Vicente. 
245 1 0 |a Experience with Floating Interbank Exchange Rate Systems in Five Developing Economies /  |c Vicente Galbis. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1993. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper reviews the experience with floating interbank exchange rate systems in five developing countries--The Gambia, Guyana, Jamaica, Nigeria and Sri Lanka--and draws some conclusions about the stability and efficiency of these systems. The experience of these countries illustrates both the difficulties and the advantages of interbank exchange rate markets. The main conclusion is that these markets can operate relatively well with a minimum banking infrastructure, provided that the authorities remove legal and institutional impediments to the free operation of these markets including, in particular, exchange restrictions. Any residual restrictions that may remain will likely give rise to the continued existence of parallel markets. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1993/036 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1993/036/001.1993.issue-036-en.xml  |z IMF e-Library