Dual Exchange Markets Under Incomplete Separation : An Optimizing Model.
This paper constructs and analyzes an optimizing model of dual exchange markets which are incompletely separated owing to the presence of fraudulent cross transactions. The model is used to examine the implications of certain shocks, including devaluation. Devaluation first leads to the emergence of...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1989/019 |
| Онлайн доступ: | Full text available on IMF |