Foreign exchange controls in a black market economy
نویسندگان
چکیده
منابع مشابه
Foreign Exchange Controls in a Black Market Economy*
An investigation of the impact of foreign exchange controls in a black market economy is undertaken within the context of a choice-theoretic cash-in-advance general equilibrium model. While such controls may improve a 'distortion-free' economy's trade balance and balance of payments they are found to increase the domestic price of imports and lower the country's welfare. The ramifications of bl...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 1987
ISSN: 0304-3878
DOI: 10.1016/0304-3878(87)90055-1