Parallel markets, the foreign exchange auction, and exchange rate unification in Zambia
A large thriving parallel market for foreign exchange has coexisted with a rich menu of official exchange rate policies aimed at achieving a more flexible exchange rate and price system as well as financial and trade liberalization. Despite aggresive policies in these areas, particularly for the exc...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
World Bank
1992
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