English, Article edition: BLACK MARKET EXCHANGE RATES AND CAPITAL MOBILITY IN ASIAN ECONOMIES CLEMENT YUK PANG WONG

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Bookmark: http://trove.nla.gov.au/version/184228
Physical Description
  • article
Language
  • English

Edition details

Title
  • BLACK MARKET EXCHANGE RATES AND CAPITAL MOBILITY IN ASIAN ECONOMIES
Author
  • CLEMENT YUK PANG WONG
Physical Description
  • article
Notes
  • This paper examines whether foreign exchange black markets have eroded the effectiveness of capital controls and contributed to an increase in the effective degree of capital mobility in a sample of Asian countries. Comparing the uncovered interest parity forecast errors between the official and black market exchange rates suggests that in those countries with more stringent capital controls, foreign exchange black markets have reached a maturity level to threaten the effectiveness of those controls. Copyright 1997 Western Economic Association International.
  • RePEc:bla:coecpo:v:15:y:1997:i:1:p:21-36
Language
  • English
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