Stabilization Policies In Developing Countries With A Parallel Market For Foreign Exchange
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Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange
Author | : Pierre-Richard Agénor |
Publsiher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 1990-03-01 |
Genre | : Business & Economics |
ISBN | : 9781451923230 |
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The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated with an increase in output and prices, a fall in the stock of net foreign assets, and a depreciation of the parallel exchange rate. The speed of adjustment is inversely related to the degree of rationing in the official foreign currency market. A once-for–all devaluation of the official exchange rate has no long-term effect on the premium.
Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange
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Author | : Pierre-Richard Agenor |
Publsiher | : Unknown |
Total Pages | : 44 |
Release | : 2006 |
Genre | : Electronic Book |
ISBN | : OCLC:1291212694 |
Download Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange Book in PDF, Epub and Kindle
The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated with an increase in output and prices, a fall in the stock of net foreign assets, and a depreciation of the parallel exchange rate. The speed of adjustment is inversely related to the degree of rationing in the official foreign currency market. A once-forᔚll devaluation of the official exchange rate has no long-term effect on the premium.
Macroeconomic Models for Adjustment in Developing Countries
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 340 |
Release | : 1991-06-15 |
Genre | : Business & Economics |
ISBN | : 1557752192 |
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This volume, edited by Mohsin S. Khan, Peter J. Montiel, and Nadeem U. Haque, examines recent IMF-developed empirical macroeconomic models dealing with adjustment and stabilization policies in developing countries. Some models are relevant for specific countries, and others relate to groups of developing countries.
Economic Adjustment and Exchange Rates in Developing Countries
Author | : Sebastian Edwards,Liaquat Ahamed |
Publsiher | : University of Chicago Press |
Total Pages | : 460 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 9780226184739 |
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In spite of the attention paid exchange rates in recent economic debates on developing countries, relatively few studies have systematically analyzed in detail the various ramifications of exchange rate policy in these countries. In this new volume from the National Bureau of Economic Research, leading economists use rigorous models to tackle various exchange rate issues, while also illuminating policy implications that emerge from their analyses. The volume, divided into four main sections, addresses: the role of exchange rates in stabilization programs and the adjustment process; the importance of exchange rate policy during liberalization reform in developing countries; exchange rate problems relevant and unique to developing countries, illustrated by case studies; and the problems defining, measuring, and identifying determinants of real exchange rates. Authors of individual papers examine the relation between commercial policies and exchange rates, the role of exchange rate policy in stabilization programs, the effectiveness of devaluations as a policy tool, and the interaction between exchange rate terms of trade an capital flow. This research will not only prove crucial to our understanding of the role of exchange rates in developing countries, but will clearly set the standard for future work in the field.
Parallel Exchange Rates in Developing Countries
Author | : Miguel Alberto Kiguel,Stephen A. O'Connell |
Publsiher | : Unknown |
Total Pages | : 68 |
Release | : 1994 |
Genre | : Developing countries |
ISBN | : UCSD:31822016667933 |
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Approaches to Exchange Rate Policy
Author | : Mr.Richard C. Bart,Mr.Chorng-Huey Wong |
Publsiher | : International Monetary Fund |
Total Pages | : 316 |
Release | : 1994-06-01 |
Genre | : Business & Economics |
ISBN | : 1557753644 |
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External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.
Stabilization and Adjustment
Author | : United Nations Development Programme |
Publsiher | : UN |
Total Pages | : 180 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105008519899 |
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The papers in this volume were originally presented at the "SAATA Seminar on Structural Adjustment in Tanzania", held in October 1990, Arush. a, Tanzania
Real Exchange Rate Targeting in Developing Countries
Author | : Peter Montiel,Jonathan David Ostry |
Publsiher | : Unknown |
Total Pages | : 24 |
Release | : 1993 |
Genre | : Foreign exchange rates |
ISBN | : UCSD:31822015315351 |
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