A Noteon Dual Foreign Exchange Markets with official Rationing : Predetermined Versus Floating official Exchange Rate »
Series: IMF Working Papers
Author(s): José Saúl Lizondo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1991
This paper examines the relationship between the long run rate of inflation and the allocation of transactions between markets in economies that operate dual exchange market regimes and ration foreign exchange in t...