This paper investigates the motive for choosing capital controls and special exchange rates, the principal forms and some of the experience. We look in particular at three institutional arrangements: 1) dual exchange rates separating current and capital account transactions; 2) black or parallel markets for foreign exchange; 3) exchange rate guarantees, dollar deposits and dollar-linked domestic debt. These are the main forms of coping with the problem...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1985/05/31
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Рабочий документ департамента
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CPD8525
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1
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1
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2017/11/15
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Disclosed
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Special exchange rates for capital account transactions
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