Show simple item record

dc.contributor.advisor Hartley, Peter R.
dc.creatorAlas Rodriguez, Nelly Carolina
dc.date.accessioned 2009-06-04T00:11:07Z
dc.date.available 2009-06-04T00:11:07Z
dc.date.issued 1987
dc.identifier.urihttps://hdl.handle.net/1911/13268
dc.description.abstract Because of economic and non-economic factors, the situation of the external sector in El Salvador has reached critical levels. Under persistent trade deficits, capital flight, and a continuous reduction in international reserves, the authorities instituted in August 1982, for the first time, a dual exchange rate system: an official market where the value of the dollar remained the same, and a parallel market where the exchange rate was set by the commercial banks. Among the goals of this innovation were a reduction in imports, an increase in foreign exchange receipts, a restoration of balance of payments equilibrium, and the avoidance of a sudden rise in prices. We analyze the overvaluation of the exchange rate, evolution of exports and imports, and the fiscal revenues derived from transactions in the parallel system. An econometric model measures the impact of overvalued exchange rates on imports and exports, and the effects of the parallel market on the price level. (Abstract shortened with permission of author.)
dc.format.extent 118 p.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.subjectEconomics
Finance
dc.title The experience of a dual exchange market with a simultaneous unofficial market in El Salvador
dc.type.genre Thesis
dc.type.material Text
thesis.degree.department Economics
thesis.degree.discipline Social Sciences
thesis.degree.grantor Rice University
thesis.degree.level Masters
thesis.degree.name Master of Arts
dc.identifier.citation Alas Rodriguez, Nelly Carolina. "The experience of a dual exchange market with a simultaneous unofficial market in El Salvador." (1987) Master’s Thesis, Rice University. https://hdl.handle.net/1911/13268.


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record