Exchange-Rate Unification with Black Market Leakages; Russia 1992

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Goldberg, L.S.;
  • Subject: Exchange markets;Russian Federation;foreign exchange, exchange rate, black market, exchange rates, market exchange rate | exchange rate ; financial market

In 1992 Russia unified the multiple exchange rates that had applied to international transactions. This paper describes the multiple exchange rate system that existed in Russia prior to mid-1992 and undertakes a theoretical exploration of the effects of the exchange rat... View more
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