NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Empirical Evidence on European Dual Exchange Rates and Its Relevance For Latin America

Nancy P. Marion

NBER Working Paper No. 3809
Issued in August 1991
NBER Program(s):   ITI   IFM

This paper uncovers some important empirical regularities for the European dual exchange markets of the early 1970s, examines some of the stylized facts about the Latin American dual-rate regimes and assesses whether there are strong parallels between the two. It concludes that one should be cautious about applying the lessons from the European experience to the Latin American ones.

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Document Object Identifier (DOI): 10.3386/w3809

Published: "Dual exchange rates in Europe and Latin America" The World Bank Economic Review, Vol 8, No 2, 1994 pp. 213-245

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