Front Matter
Author:
Mr. Simon T Gray
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Title Page

Monetary Capital Market

Contents

  • Abstract

  • I. Introduction

  • II. Why Does a Parallel Market Rate Emerge?

  • III. A Large Spread Between Official and Parallel Market Rates Creates Distortions

  • IV. Central Banks and Ministries of Finance

  • V. Country Experience

  • VI. When and Where to Jump

  • VII. Communication

  • VIII. Exchange Rate Policy Post-Unification

  • IX. Conclusions

  • Table

  • 1. Summary of country case studies

  • Annex

  • Case Studies

  • Collapse
  • Expand
Recognizing Reality—Unification of Official and Parallel Market Exchange Rates
Author:
Mr. Simon T Gray