Search Results

You are looking at 1 - 2 of 2 items :

  • Keyword: foreign exchange market, x
  • Venezuela, República Bolivariana de x
Clear All Modify Search
Inflation and the Black Market Exchange Rate in a Repressed Market

Inflation and the Black Market Exchange Rate in a Repressed Market »

Source: Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela

Volume/Issue: 2016/159

Series: IMF Working Papers

Author(s): Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

ISBN: 9781475523201

Keywords: inflation; black market; exchange rate; Venezuela; foreign exchange rationing; scarcity; cash in advance constraint; oil revenue; fiscal dominance

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in in...

Inflation and the Black Market Exchange Rate in a Repressed Market
			: A Model of Venezuela

Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela »

Volume/Issue: 2016/159

Series: IMF Working Papers

Author(s): Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

DOI: http://dx.doi.org/10.5089/9781475523201.001

ISBN: 9781475523201

Keywords: inflation; black market; exchange rate; Venezuela; foreign exchange rationing; scarcity; cash in advance constraint; oil revenue; fiscal dominance

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in in...