Experience with floating interbank exchange rate systems in five developing economies /

Experience with floating interbank exchange rate systems in five developing economies /

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Bibliographic Details
Author / Creator:	Galbis, Vicente, 1942- author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©1993.
Description:	1 online resource (iii, 28 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/93/36 IMF working paper ; WP/93/36.
Subject:	Foreign exchange rates -- Developing countries. Foreign exchange rates. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496019

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Policy Development and Review Department, issuing body.
ISBN:	1455292737 9781455292738 1462393446 9781462393442
Notes:	Includes bibliographical references. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation 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.
Other form:	Print version: Galbis, Vicente, 1942- Experience with floating interbank exchange rate systems in five developing economies. [Washington, D.C.] : International Monetary Fund, ©1993
Standard no.:	10.5089/9781455292738.001

Description
Summary:	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.
Physical Description:	1 online resource (iii, 28 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	1455292737 9781455292738 1462393446 9781462393442
ISSN:	2227-8885 ;