Theoretical and policy aspects of dual exchange rate systems (English)

When facing persistent balance of payments problems, some countries have resorted to a dual exchange rate system as an alternative to a uniform exchange rate adjustment. Typically under the dual system, certain selected transactions take place at a fixed official exchange rate, while the remaining transactions take place at a more depreciated rate, which is usually determined by market forces. This paper examines certain macroeconomic aspects of the...

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Author

Kiguel,Miguel Alberto;

LIZONDO, JOSE SAUL;
Document Date
1986/10/01
Document Type
Departmental Working Paper
Report Number
DRD201
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2013/06/05
Disclosure Status
Disclosed
Doc Name
Theoretical and policy aspects of dual exchange rate systems
Keywords
dual exchange rate

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Citation

Kiguel,Miguel Alberto; LIZONDO, JOSE SAUL.

Theoretical and policy aspects of dual exchange rate systems (English). Development Research Department discussion paper ; no. DRD 201 Washington DC ; World Bank. http://documents.worldbank.org/curated/en/552791468337259056

Theoretical and policy aspects of dual exchange rate systems (English)

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