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Exchange rate regime reforms with black market leakages

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  • Goldberg, Linda S.

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  • Goldberg, Linda S., 1995. "Exchange rate regime reforms with black market leakages," Journal of Development Economics, Elsevier, vol. 48(1), pages 167-187, October.
    • Handle: RePEc:eee:deveco:v:48:y:1995:i:1:p:167-187
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    1. Flood, Robert P. & Marion, Nancy P., 1983. "Exchange-rate regimes in transition: Italy 1974," Journal of International Money and Finance, Elsevier, vol. 2(3), pages 279-294, December.
    2. Joshua Aizenman, 1986. "On the Complementarity of Commercial Policy, Capital Controls, and Inflation Tax," Canadian Journal of Economics, Canadian Economics Association, vol. 19(1), pages 114-133, February.
    3. Pierre-Richard Agénor & Robert P. Flood, 1992. "Unification of Foreign Exchange Markets," IMF Staff Papers, Palgrave Macmillan, vol. 39(4), pages 923-947, December.
    4. Mr. Arto Kovanen, 1994. "Foreign Exchange Auctions and Fixing: A Review of Performance," IMF Working Papers 1994/119, International Monetary Fund.
    5. Lizondo, JoseSaul, 1987. "Exchange rate differential and balance of payments under dual exchange markets," Journal of Development Economics, Elsevier, vol. 26(1), pages 37-53, June.
    6. Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, vol. 48(5), pages 1305-1311, July.
    7. Kyong Mo Huh & Ms. Benedicte Vibe Christensen & Peter J. Quirk & Toshihiko Sasaki, 1987. "Floating Exchange Rates in Developing Countries: Experience with Auction and Interbank Markets," IMF Occasional Papers 1987/004, International Monetary Fund.
    8. Bhandari, Jagdeep S. & Decaluwe, Bernard, 1987. "A stochastic model of incomplete separation between commercial and financial exchange markets," Journal of International Economics, Elsevier, vol. 22(1-2), pages 25-55, February.
    9. Froot, Kenneth A. & Obstfeld, Maurice, 1991. "Exchange-rate dynamics under stochastic regime shifts : A unified approach," Journal of International Economics, Elsevier, vol. 31(3-4), pages 203-229, November.
    10. Jagdeep S. Bhandari & Carlos A. Végh, 1990. "Dual Exchange Markets under Incomplete Separation: An Optimizing Model," IMF Staff Papers, Palgrave Macmillan, vol. 37(1), pages 146-167, March.
    11. Aizenman, Joshua, 1985. "Adjustment to monetary policy and devaluation under two-tier and fixed exchange rate regimes," Journal of Development Economics, Elsevier, vol. 18(1), pages 153-169.
    12. Linda S. Goldberg, 1993. "Foreign Exchange Markets in Russia: Understanding the Reforms," IMF Staff Papers, Palgrave Macmillan, vol. 40(4), pages 852-864, December.
    13. Goldberg, L.S., 1992. "Exchange-rate Unification with Black Market Leakages: Russia 1992," Working Papers 92-56, C.V. Starr Center for Applied Economics, New York University.
    14. Goldberg, Linda S. & Karimov, Il'dar, 1995. "Policy Reforms, Currency Auctions, and Production Choices in Transition Economies," Journal of Comparative Economics, Elsevier, vol. 21(3), pages 267-288, December.
    15. Flood, Robert P., 1978. "Exchange rate expectations in dual exchange markets," Journal of International Economics, Elsevier, vol. 8(1), pages 65-77, February.
    16. Marion, Nancy Peregrim, 1981. "Insulation Properties of a Two-Tier Exchange Market in a Portfolio Balance Model," Economica, London School of Economics and Political Science, vol. 48(189), pages 61-70, February.
    17. Robert P. Flood & Nancy Peregrim Marion, 1982. "The Transmission of Disturbances under Alternative Exchange-Rate Regimes with Optimal Indexing," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(1), pages 43-66.
    18. Pablo E. Guidotti, 1988. "Insulation Properties under Dual Exchange Rates," Canadian Journal of Economics, Canadian Economics Association, vol. 21(4), pages 799-813, November.
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    Citations

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    Cited by:

    1. Linda Goldberg & Rafael Tenorio, 1995. "Strategic Trading in a Two-Sided Foreign Exchange Auction," NBER Working Papers 5187, National Bureau of Economic Research, Inc.
    2. Mohsen Fardmanesh & Seymour Douglas, 2008. "Foreign Exchange Controls and the Parallel Market Premium," Review of Development Economics, Wiley Blackwell, vol. 12(1), pages 72-89, February.
    3. Goldberg, Linda S. & Karimov, Il'dar, 1997. "Black markets for currency, hoarding activity and policy reforms," Journal of International Economics, Elsevier, vol. 42(3-4), pages 349-369, May.
    4. Goldberg, Linda & Tenorio, Rafael, 1997. "Strategic trading in a two-sided foreign exchange auction1," Journal of International Economics, Elsevier, vol. 42(3-4), pages 299-326, May.
    5. Mohsen Fardmanesh & Seymour Douglas, 2003. "Foreign Exchange Controls, Fiscal and Monetary Policy, and the Black Market Premium," Working Papers 876, Economic Growth Center, Yale University.
    6. Angelos Kanas & Georgios P. Kouretas, 2001. "Volatility Spillovers Between The Black Market And Official Market For Foreign Currency In Greece," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 24(3), pages 443-461, September.
    7. Fardmanesh, Mohsen & Douglas, Seymour, 2003. "Foreign Exchange Controls, Fiscal and Monetary Policy, and the Black Market Premium," Center Discussion Papers 28514, Yale University, Economic Growth Center.
    8. Mina Baliamoune-Lutz, 2010. "Black and official exchange rates in Morocco: an analysis of their long-run behaviour and short-run dynamics (1974-1992)," Applied Economics, Taylor & Francis Journals, vol. 42(27), pages 3481-3490.

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