Foreign exchange controls in a black market economy
Publication
, Journal Article
Greenwood, J; Kimbrough, KP
Published in: Journal of Development Economics
January 1, 1987
An investigation of the impact of foreign exchange controls in a black market economy is undertaken within the context of a choice-theoretic cash-in-advance general equilibrium model. While such controls may improve a 'distortion-free' economy's trade balance and balance of payments they are found to increase the domestic price of imports and lower the country's welfare. The ramifications of black market for economic welfare turn out to be ambiguous, depending crucially on the government's reaction to the leakage of foreign exchange into the economy via illegal activity. © 1987.
Duke Scholars
Published In
Journal of Development Economics
DOI
ISSN
0304-3878
Publication Date
January 1, 1987
Volume
26
Issue
1
Start / End Page
129 / 143
Related Subject Headings
- Development Studies
- 4404 Development studies
- 3801 Applied economics
- 1402 Applied Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Greenwood, J., & Kimbrough, K. P. (1987). Foreign exchange controls in a black market economy. Journal of Development Economics, 26(1), 129–143. https://doi.org/10.1016/0304-3878(87)90055-1
Greenwood, J., and K. P. Kimbrough. “Foreign exchange controls in a black market economy.” Journal of Development Economics 26, no. 1 (January 1, 1987): 129–43. https://doi.org/10.1016/0304-3878(87)90055-1.
Greenwood J, Kimbrough KP. Foreign exchange controls in a black market economy. Journal of Development Economics. 1987 Jan 1;26(1):129–43.
Greenwood, J., and K. P. Kimbrough. “Foreign exchange controls in a black market economy.” Journal of Development Economics, vol. 26, no. 1, Jan. 1987, pp. 129–43. Scopus, doi:10.1016/0304-3878(87)90055-1.
Greenwood J, Kimbrough KP. Foreign exchange controls in a black market economy. Journal of Development Economics. 1987 Jan 1;26(1):129–143.
Published In
Journal of Development Economics
DOI
ISSN
0304-3878
Publication Date
January 1, 1987
Volume
26
Issue
1
Start / End Page
129 / 143
Related Subject Headings
- Development Studies
- 4404 Development studies
- 3801 Applied economics
- 1402 Applied Economics