Exchange rate fluctuations and stability in the oil market
β Scribed by Massood V. Samii; Claude Clemenz
- Publisher
- Elsevier Science
- Year
- 1988
- Tongue
- English
- Weight
- 558 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0301-4215
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
If a country is dependent on one particular export commodity, what exchange rate policy should it follow? Surprisingly, there is no standard textbook prescription for such a country. In theory, rigidly pegging exchange rates to those of the developed economies allow emerging markets to fix the price
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
## Abstract In the wake of financial crises in emerging markets, firmly fixed exchange rates and even dollarization have been advocated as a means to decrease vulnerability. There are many important new issues related to fixing the exchange rate and financial vulnerability, but one longβtime vital