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Exchange Market Reform, Inflation, and Fiscal Deficits

Exchange Market Reform, Inflation, and Fiscal Deficits »

Volume/Issue: 1995/78

Series: IMF Working Papers

Author(s): E. Ucer , and Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1995

DOI: http://dx.doi.org/10.5089/9781451850062.001

ISBN: 9781451850062

Keywords: foreign exchange, exchange rate, parallel exchange rate, official exchange rate

This paper examines the short- and long-run effects of exchange market reform in developing countries. The first part reviews the recent experience of Guyana, India, Jamaica, Kenya, Sierra Leone, and Sri Lanka with...