Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 1455273627
9781455273621
9781455273621
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| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Online resource; title from PDF title page (IMF, viewed August 19, 2014).
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| Summary: | This paper analyzes the implications of devaluation and a variety of structural disturbances in a dual exchange rate economy. A key feature of the model developed is its explicit recognition of both private (fraudulent) and officially-sanctioned cross transactions between the two exchange markets. The principal lesson to be learned from the analysis is that popular notions as to the effects of devaluation or of other disturbances are to be viewed with considerable caution when the dual rate regime involves inter-market transactions.
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| Other form: | Print version: Bhandari, Jagdeep S. Exchange rate reform and structural disturbances in a dual exchange rate economy. [Washington, D.C.] : International Monetary Fund, 1988
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