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Do reductions in black market exchange rate premia cause inflation?

โœ Scribed by Jean-Philippe Gervais; Bruno Larue


Publisher
Springer-Verlag
Year
2001
Tongue
English
Weight
331 KB
Volume
26
Category
Article
ISSN
0377-7332

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The black market premium and the rate of
โœ Jianhuai Shi ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 197 KB ๐Ÿ‘ 2 views

This paper examines the relationship between the black market premium and the rate of inflation under a dual exchange rate regime consisting of an official market and a black market. By explicitly specifying the implicit export tax associated with the government budget constraint in a dynamic optimi