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
โฆ LIBER โฆ
Exchange rate regime reforms with black market leakages
โ Scribed by Linda S. Goldberg
- Book ID
- 116124422
- Publisher
- Elsevier Science
- Year
- 1995
- Tongue
- English
- Weight
- 1014 KB
- Volume
- 48
- Category
- Article
- ISSN
- 0304-3878
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