Dual exchange rates in Europe and Latin America

This article uncovers some important empirical regularities surrounding the operation of formal dual exchange rates in Europe and Latin America in the 1970s and 1980s. There are interesting differences in terms of the size and nature of the distortion created by two official exchange rates, the resp...

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Veröffentlicht in:Weltbank The World Bank economic review
1. Verfasser: Marion, Nancy Peregrim (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1994
Schlagworte:
Wechselkurs > Devisenmarkt > Lateinamerika > EU-Staaten > Belgien > Frankreich > Italien > Internationales Währungssystem > Europa > Aufsatz in Zeitschrift
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Beschreibung
Zusammenfassung:This article uncovers some important empirical regularities surrounding the operation of formal dual exchange rates in Europe and Latin America in the 1970s and 1980s. There are interesting differences in terms of the size and nature of the distortion created by two official exchange rates, the response to foreign interest rates, real commercial exchange rates, and domestic budget deficits, and the motives for adopting this exchange rate regime. (DSE/DÜI)
Beschreibung:Graph. Darst
ISSN:0258-6770