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An application of the monetary approach to black market exchange rates

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  • Sanjeev Gupta

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  • Sanjeev Gupta, 1980. "An application of the monetary approach to black market exchange rates," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(2), pages 235-252, June.
    • Handle: RePEc:spr:weltar:v:116:y:1980:i:2:p:235-252
    DOI: 10.1007/BF02696853
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    References listed on IDEAS

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    1. Sheikh, Munir A., 1976. "Black market for foreign exchange, capital flows and smuggling," Journal of Development Economics, Elsevier, vol. 3(1), pages 9-26, March.
    2. Klein, Benjamin, 1974. "Competitive Interest Payments on Bank Deposits and the Long-Run Demand for Money," American Economic Review, American Economic Association, vol. 64(6), pages 931-949, December.
    3. Culbertson, William Patton, Jr, 1975. "Purchasing Power Parity and Black-Market Exchange Rates," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 287-296, June.
    4. Dornbusch, Rudiger, 1976. " The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 78(2), pages 255-275.
    5. J. Harvey & M. Johnson, 1973. "The Balance of Payments," Palgrave Macmillan Books, in: Introduction to Macro-Economics: A Workbook, chapter 16, pages 80-85, Palgrave Macmillan.
    6. Girton, Lance & Roper, Don, 1977. "A Monetary Model of Exchange Market Pressure Applied to the Postwar Canadian Experience," American Economic Review, American Economic Association, vol. 67(4), pages 537-548, September.
    7. Connolly, Michael & Dantas da Silveira, Jose, 1979. "Exchange Market Pressure in Postwar Brazil: An Application of the Girton-Roper Monetary Model," American Economic Review, American Economic Association, vol. 69(3), pages 448-454, June.
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    Citations

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    Cited by:

    1. Gupta, Poonam & Gupta, Sanjeev, 1981. "Estimates of the unreported economy in India," Kiel Working Papers 130, Kiel Institute for the World Economy (IfW Kiel).
    2. Tariq Banuri, 1989. "Black Markets, Openness, and Central Bank Autonomy," WIDER Working Paper Series wp-1989-062, World Institute for Development Economic Research (UNU-WIDER).
    3. Panayiotis Diamandis & Georgios Kouretas & Leonidas Zarangas, 2005. "Expectations and the black market premium for foreign currency in Greece," Applied Financial Economics, Taylor & Francis Journals, vol. 15(10), pages 667-677.
    4. masron, Tajul arrifin & Mohd naseem niaz, Ahmad, 2008. "Export, Economic Integration and Exchange Rate Volatility in Turkey and Malaysia," MPRA Paper 41519, University Library of Munich, Germany.
    5. Subrata Ghatak & Jalal Siddiki, 2001. "The use of the ARDL approach in estimating virtual exchange rates in India," Journal of Applied Statistics, Taylor & Francis Journals, vol. 28(5), pages 573-583.
    6. Panayiotis Diamantis & Dimitris Georgoutsos & George Kouretas, 2001. "The Monetary Approach in the Presence of I(2) Components: A Cointegration Analysis of the Official and Black Market for Foreign Currency in Latin America," Working Papers 0108, University of Crete, Department of Economics.
    7. Kam Chan & Louis Cheng & Ming-Shiun Pan, 1997. "Market efficiency and cointegration: Some evidence in Pacific-Basin black exchange markets," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 21(1), pages 25-31, March.
    8. Mohsen Bahmani‐Oskooee & Scott W. Hegerty & Altin Tanku, 2010. "The Black‐Market Exchange Rate Versus The Official Rate: Which Rate Fosters The Adjustment Speed In The Monetarist Model?," Manchester School, University of Manchester, vol. 78(6), pages 725-738, December.
    9. Speight, Alan E. H. & McMillan, David G., 2001. "Volatility spillovers in East European black-market exchange rates," Journal of International Money and Finance, Elsevier, vol. 20(3), pages 367-378, June.
    10. Jalal U. Siddiki, 2002. "Unofficial Exchange Rates In Bangladesh: A Cointegration Analysis," Contemporary Economic Policy, Western Economic Association International, vol. 20(3), pages 288-300, July.

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