Amvik eBook Solutions

'...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combin

The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics

The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange

It is often argued that the parallel market premium is a useful indicator of real exchange rate misalignment in developing countries. The empirical evidence doe