Alternative dual exchange market regimes : some steady state comparisons /

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Bibliographic Details
Author / Creator:Lizondo, José Saúl, author.
Imprint:[Washington, D.C.] : International Monetary Fund, Research Department, [1990]
Description:1 online resource (ii, 24 pages) : illustrations.
Language:English
Series:IMF working paper ; WP/90/90
IMF working paper ; WP/90/90.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496249
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund, issuing body.
ISBN:1455273619
9781455273614
1462350976
9781462350971
9781451951851
145195185X
Notes:Includes bibliographical references (page 24).
Restrictions unspecified
Electronic reproduction. [S.l.] : 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:This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank implements a rationing scheme so as to keep international reserves constant. The paper discusses the effects on the rate of inflation, the balance of payments, the real exchange rate, and the spread between the free and the official exchange rate, of various economic policies, including exchange rate policy, fiscal policy, and unification of the exchange markets. It concludes that the steady state effects for most of these policies are qualitatively the same under both regimes.
Other form:Print version: Lizondo, Jose Saul. Alternative dual exchange market regimes. [Washington, D.C.] : International Monetary Fund, Research Dept., [1990]
Standard no.:10.5089/9781455273614.001

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245 1 0 |a Alternative dual exchange market regimes :  |b some steady state comparisons /  |c prepared by J. Saul Lizondo. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Research Department,  |c [1990] 
300 |a 1 online resource (ii, 24 pages) :  |b illustrations. 
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490 1 |a IMF working paper ;  |v WP/90/90 
504 |a Includes bibliographical references (page 24). 
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588 0 |a Print version record. 
520 3 |a This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank implements a rationing scheme so as to keep international reserves constant. The paper discusses the effects on the rate of inflation, the balance of payments, the real exchange rate, and the spread between the free and the official exchange rate, of various economic policies, including exchange rate policy, fiscal policy, and unification of the exchange markets. It concludes that the steady state effects for most of these policies are qualitatively the same under both regimes. 
546 |a English. 
650 0 |a Foreign exchange  |x Mathematical models. 
650 0 |a Capital market.  |0 http://id.loc.gov/authorities/subjects/sh85019945 
650 0 |a Foreign exchange.  |0 http://id.loc.gov/authorities/subjects/sh85050496 
650 6 |a Marché financier. 
650 6 |a Change. 
650 6 |a Change  |x Modèles mathématiques. 
650 7 |a Foreign exchange  |x Mathematical models.  |2 fast  |0 (OCoLC)fst00931787 
710 2 |a International Monetary Fund,  |e issuing body.  |0 http://id.loc.gov/authorities/names/n81052755 
776 0 8 |i Print version:  |a Lizondo, Jose Saul.  |t Alternative dual exchange market regimes.  |d [Washington, D.C.] : International Monetary Fund, Research Dept., [1990]  |w (OCoLC)23826184 
830 0 |a IMF working paper ;  |v WP/90/90.  |0 http://id.loc.gov/authorities/names/no89010263 
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