Unification of Dual Foreign Exchange Markets

被引：0
|
作者：
Ibrahim A. Onour
机构：
[1] University of Khartoum,School of Management Studies
来源：
Economics of Planning | 2000年 / 33卷
关键词：
Exchange Rate; Foreign Exchange; Foreign Currency; Foreign Exchange Market; Domestic Currency;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
In this paper I investigate the impact of overnight floating of the official rate and easing foreign exchange restrictions on post-unification domestic inflation rate. After analysing the behaviour of an economy under dual foreign exchange markets, an official market with a crawling foreign exchange rate and a free illegal parallel market. The paper also shows that maintaining a unified free exchange rate depends on the degree of foreign exchange restrictions under dual foreign exchange system and on the level of the official reserve that prompts foreign exchange liberalisation policy.
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页码：171 / 184
页数：13
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