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Time varying causality between official and unofficial exchange rates in Iran

Author

Listed:
  • Taheri Reykandeh, Emran

    (University of Tehran, Faculty of Agricultural Economics and Development)

  • Darabi, Mehdi

    (University of Tehran, Faculty of Economics, Tehran, Iran)

Abstract

The daily unofficial exchange rate is crucial role in economic agents' decision-making and expectations in Iran. Hence, policymakers have tried to manage the unofficial market by promoting the official exchange rates as a leading price. In this regard, they have established official platforms for foreign exchange transactions. This study investigates the

Suggested Citation

  • Taheri Reykandeh, Emran & Darabi, Mehdi, 2023. "Time varying causality between official and unofficial exchange rates in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 18(3), pages 285-305, September.
    • Handle: RePEc:mbr:jmonec:v:18:y:2023:i:3:p:285-305
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