Series: IMF Working Papers
Author(s): Harry Huizinga
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 1996
Keywords: exchange rate, exchange rates, foreign exchange, exchange rate system, exchange rate systems
A two-tiered exchange rate system can be interpreted as a set of separate taxes on money and other financial assets. If the official two-tiered exchange rate system coexists with a black market for foreign exchange...