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Black markets for foreign exchange, real exchange rates and inflation

โœ Scribed by Brian Pinto


Book ID
115979585
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
904 KB
Volume
30
Category
Article
ISSN
0022-1996

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โœ Kul B. Luintel ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 263 KB

The behaviour of real exchange rates (relative to the US dollar) is examined using monthly data obtained from the black markets for foreign exchange of eight Asian developing countries. The data span is 31 years. The black market real exchange rates do not show excess volatility during the recent ยฏo