Recognizing Reality-Unification of Official and Parallel Market Exchange Rates /

Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel exchange rate market develops, in such circumstances; and when the spread between the offic...

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Bibliografische gegevens
Hoofdauteur: Gray, Simon
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2021.
Reeks:IMF Working Papers; Working Paper ; No. 2021/025
Online toegang:Full text available on IMF