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