Multiple exchange rates for commercial transactions (English)

This paper reviews exchange rate arrangements that deviate from unrestricted convertibility at uniform fixed or flexible exchange rates. Broadly these alternatives are called "multiple exchange rate practices." These practices are formally defined by the IMF (1981, p. 23) guidelines as action that leads to exchange rate spreads in excess of 2 percent between buying and selling rates. While multiple exchange rate practices have a long history, the...

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Author

Dornbusch,Rudiger;
Document Date
1985/03/31
Document Type
Departmental Working Paper
Report Number
CPD8523
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/15
Disclosure Status
Disclosed
Doc Name
Multiple exchange rates for commercial transactions
Keywords
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Citation

Dornbusch,Rudiger.

Multiple exchange rates for commercial transactions (English). Country Policy Department discussion paper|no. CPD 8523 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/420481492000880941

Multiple exchange rates for commercial transactions (English)

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