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Welfare effects of exchange controls: An application to the Haitian economy

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  • Kathleen Dorsainvil

Abstract

This paper estimates monthly welfare losses and the shadow exchange rate that followed a policy of restrictions of access to foreign exchange, in force in the Haitian economy from 1985 to 1991. These losses are substantial. The determinants of the parallel market, another phenomenon consistent with such a policy of restrictions, are also estimated. Copyright International Atlantic Economic Society 2000

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  • Kathleen Dorsainvil, 2000. "Welfare effects of exchange controls: An application to the Haitian economy," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(3), pages 427-437, August.
    • Handle: RePEc:kap:iaecre:v:6:y:2000:i:3:p:427-437:10.1007/bf02294962
    DOI: 10.1007/BF02294962
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    3. Obstfeld, Maurice, 1986. "Capital controls, the dual exchange rate, and devaluation," Journal of International Economics, Elsevier, vol. 20(1-2), pages 1-20, February.
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    7. Dornbusch, Rudiger & Fischer, Stanley, 1980. "Exchange Rates and the Current Account," American Economic Review, American Economic Association, vol. 70(5), pages 960-971, December.
    8. Adams, Charles & Greenwood, Jeremy, 1985. "Dual exchange rate systems and capital controls: An investigation," Journal of International Economics, Elsevier, vol. 18(1-2), pages 43-63, February.
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    Cited by:

    1. Dorsainvil, Kathleen, 2001. "The parallel market as a policy instrument in collapsing exchange rate regimes," Journal of Economics and Business, Elsevier, vol. 53(1), pages 27-43.

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