Parallel exchange rates in developing countries
By: edited by Miguel A. Kiguel, J. Saul Lizondo, and Stephen A. O'Connell.
Contributors: Kiguel, Miguel Alberto, 1954-; Lizondo, José Saúl.; O'Connell, Stephen A.
Publisher: St. Martin's Press
Published: 1997
Place of publication: New York
Language: eng
Number of pages: 399
Subjects: Foreign exchange rates -- Developing countries -- Econometric models -- Case studies.; Economic stabilization -- Developing countries -- Econometric models -- Case studies.; Developing countries -- Economic policy -- Econometric models -- Case studies.
Description: This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries.

An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.
Notes: Includes bibliographical references and indexes.