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Keywords: Markets
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (1991) 18 (4)
Published: 01 April 1991
...Pierre‐Richard Agénor Develops and tests a monetary model of the parallel market for foreign exchange which incorporates forward‐looking expectations and currency substitution features. Econometric results using quarterly data for a group of 12 developing countries show that changes in official...
