The Parallel Market for Foreign Exchange in an Oil Exporting Economy; The Case of Iran, 1978-1990

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Adnan Mazarei;
  • Subject: Foreign exchange;Iran, Islamic Republic of;exchange rate, market exchange rate, oil exports, exchange rates

This paper provides a model for the determination of the parallel market exchange rate premium in a country where oil export earnings accrue directly to the government, and foreign exchange is centrally allocated for the importation of specific goods. Next, it studies t... View more
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