When facing persistent balance of payments problems, some countries have resorted to a dual exchange rate system as an alternative to a uniform exchange rate adjustment. Typically under the dual system, certain selected transactions take place at a fixed official exchange rate, while the remaining transactions take place at a more depreciated rate, which is usually determined by market forces. This paper examines certain macroeconomic aspects of the...
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详细
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1986/10/01
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部门工作文件
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DRD201
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1
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1
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2013/06/05
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Disclosed
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Theoretical and policy aspects of dual exchange rate systems
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dual exchange rate