Special exchange rates for capital account transactions (English)

This paper investigates the motive for choosing capital controls and special exchange rates, the principal forms and some of the experience. We look in particular at three institutional arrangements: 1) dual exchange rates separating current and capital account transactions; 2) black or parallel markets for foreign exchange; 3) exchange rate guarantees, dollar deposits and dollar-linked domestic debt. These are the main forms of coping with the problem...

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Author

Dornbusch,Rudiger;
Document Date
1985/05/31
Document Type
Departmental Working Paper
Report Number
CPD8525
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/15
Disclosure Status
Disclosed
Doc Name
Special exchange rates for capital account transactions
Keywords
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Citation

Dornbusch,Rudiger.

Special exchange rates for capital account transactions (English). Country Policy Department discussion paper|no. CPD 8525 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/748731492000964819

Special exchange rates for capital account transactions (English)

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