Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange: A Formal Framework

1990 ◽  
Vol 37 (3) ◽  
pp. 560 ◽  
Author(s):  
Pierre-Richard Agenor
Keyword(s):  
Developing Countries ◽  
Foreign Exchange ◽  
Formal Framework ◽  
Stabilization Policies

Peter J. Montiel, Pierre-Richer Agenor, and Nadeem ul Haque. Informal Financial Markets in Developing Countries: A Macroeconomic Analysis. Published in the "Advances in Theoretical and Applied Economics" series edited by Homa Motamen-Scobie. Oxford: Blackwell. 1992. i-xi + 212 pp., including appendices. Hardbound. £40.00.

1993 ◽  
Vol 32 (3) ◽  
pp. 332-335
Author(s):  
Willem Van der Geest
Keyword(s):  
Developing Countries ◽  
Financial Markets ◽  
Foreign Exchange ◽  
Capital Mobility ◽  
Banking System ◽  
Exchange Rate Policy ◽  
Informal Markets ◽  
Financial Repression ◽  
Macroeconomic Analysis ◽  
Econometric Analyses

This volume reviews the nature and scope of informal financial markets in developing countries and elaborates on the theoretical and conceptual models which analyse 'financial repression' and other aspects of government intervention in financial markets. It also focuses on the consequences which the prevalence of informal financial markets in developing countries may have for monetary and exchange rate policy. In particular, it attempts to capture the functioning of informal, unregulated markets into macroeconomic models, working towards a general eqUilibrium model with informal financial markets. Two types of informal markets are analysed. The first are for informal lending at terms and conditions which differ greatly from those prevailing in the official banking system. The second are the 'parallel' markets for foreign exchange which tend to emerge in response to quantity restrictions on trade and administered allocation of foreign exchange to certain users at official rates, which are well below those on the parellel markets. The key question is whether these informal markets change the efficacy of monetary and credit policy-and, if they do, to what extent and in what direction? Two supporting appendices present econometric analyses of the efficiency of parallel currency markets and the degree of capital mobility in developing countries.

scholarly journals Systemic Sudden Stops: The Relevance of Balance-Sheet Effects and Financial Integration

2016 ◽  
Author(s):  
Guillermo Calvo ◽  
Alejandro Izquierdo ◽  
Luis-Fernando Mejía
Keyword(s):  
Developing Countries ◽  
Critical Point ◽  
Foreign Exchange ◽  
Financial Integration ◽  
Balance Sheet ◽  
Banking System ◽  
Sudden Stop ◽  
Balance Sheet Effects ◽  
Tradable Goods ◽  
The Relationship

Using a sample of 110 developed and developing countries for the period 1990-2004, the chapter claims that a small supply of tradable goods relative to their domestic absorption, and large foreign-exchange denominated debts towards the domestic banking system, denoted Domestic Liability Dollarization, are key determinants of the probability of Systemic Sudden Stop (3S). Moreover, the larger is financial integration, the larger is likely to be the probability of 3S; however, beyond a critical point the relationship gets a sign reversion.

Impact of Covid-19 on Tourism Sector in Nepal.

2021 ◽  
Author(s):  
Kamal Prasad Panthhe ◽  
C N Kokate
Keyword(s):  
Developing Countries ◽  
Foreign Exchange ◽  
Task Force ◽  
Policy Recommendations ◽  
Total Employment ◽  
Global Impact ◽  
Travel And Tourism ◽  
Tourism Sector ◽  
The Government ◽  
Tourism Economy

Tourism is an important source of foreign exchange earnings for the government and contributes to the livelihood of millions in developing countries. The purpose of this paper is to explore and illuminate the preliminary impacts of COVID-19 in tourism sector in Nepal and further the paper puts forward policy recommendations for government to avert the worst effects and facilitate recovery. In Nepal, the travel and tourism sector contributes to 8 percent of GDP, 6.7 percent of total employment, and it generates 6 percent of the total foreign exchange earnings. Nepal Tourism Board estimates that loss of 85.2 billion USD monthly from tourism sector only and three in five employees lost their jobs due to COVID-19 in Nepal. The “Visit Nepal 2020” campaign had cancelled which aimed to attract 2 million tourists in the country this year. Tourism sector has already suffered a huge loss, and it is going to take quite to restore. The government should form special task force to create economic response package that will support Nepalese, their job, their businesses from the global impact of COVID-19, and to ready the economy to recover.Keywords: Covid-19, Tourism, Economy, Nepal.

General: George W. Ball: Diplomicy for a Crowded World. Bodley Head, London, 1976, x, 356p., £5.

1978 ◽  
Vol 34 (2) ◽  
pp. 210-256
Keyword(s):  
Developing Countries ◽  
Foreign Trade ◽  
Foreign Exchange ◽  
International Economics ◽  
Developing Nations ◽  
Commercial Arbitration ◽  
International Commercial Arbitration ◽  
Development Plans ◽  
The Law

GENERAL: GEORGE W. BALL : Diplomacy for a Crowded World. GENERAL: MORDEVHAI E. KVEININ : International Economics: A Policy Approach. GENERAL: A.E. KARMALI : International Commercial Arbitration. N.M. Tripathi GENERAL: A. E. KARMALI and N. R. KANTAWALA : International Contracts: The Law and Practice of International Contracts. GENERAL: STEPHEN A. MARGLIN : Value and Price in the Labour-Surplus Economy. GENERAL: S. K. VERGHESE : Foreign Exchange and Financing of Foreign Trade. GENERAL: B. MAXWELL STAMPER : Population and planning in Developing Nations: A Review of Sixty Development Plans for the 1970s. GENERAL: JOHN CONNELL and MICHAEL LIPTON : Assesssing Village Labour Situations in Developing Countries.

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