Abstract
A reduced form smuggling model is used to estimate the effects of official exchange control policies on black market exchange rate in Ghana between 1972 and 1986. It is found that an appreciation of official exchange rate or an increase in government policing efforts depreciates the domestic currency on the black market. Recent exchange policy reforms, however, seem to have changed the structure of the relationship between official exchange rate and the black market rate. [431]
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
