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Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange

1990-03-01 Business & Economics
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Release : 1990-03-01
Genre : Business & Economics
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Book Rating : 236/5 ( reviews)

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Book Synopsis Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange by : Pierre-Richard Agénor

Download or read book Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange written by Pierre-Richard Agénor. This book was released on 1990-03-01. Available in PDF, EPUB and Kindle. Book excerpt: 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

2006
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Release : 2006
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Book Synopsis Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange by : Pierre-Richard Agenor

Download or read book Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange written by Pierre-Richard Agenor. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: 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

1991-06-15 Business & Economics
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Release : 1991-06-15
Genre : Business & Economics
Kind : eBook
Book Rating : 192/5 ( reviews)

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Book Synopsis Macroeconomic Models for Adjustment in Developing Countries by : International Monetary Fund

Download or read book Macroeconomic Models for Adjustment in Developing Countries written by International Monetary Fund. This book was released on 1991-06-15. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Real Exchange Rate Targeting in Developing Countries

1993 Foreign exchange rates
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Release : 1993
Genre : Foreign exchange rates
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Real Exchange Rate Targeting in Developing Countries by : Peter Montiel

Download or read book Real Exchange Rate Targeting in Developing Countries written by Peter Montiel. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:

Stabilization and Adjustment

1991 Business & Economics
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Release : 1991
Genre : Business & Economics
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Book Synopsis Stabilization and Adjustment by : United Nations Development Programme

Download or read book Stabilization and Adjustment written by United Nations Development Programme. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume were originally presented at the "SAATA Seminar on Structural Adjustment in Tanzania", held in October 1990, Arush. a, Tanzania

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