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ECONOMIC INSTRUCTION - An Experiment with Official and Parallel Foreign Exchange Markets in a Developing Country - Students take the roles of importers and exporters in a developing country. The experiment shows how international trade falls if the government tries to maintain an overvalued currency without expending international reserves. It also shows that the exchange rate in a parallel market ...
Hazlett, Denise, (1999)
An Experiment with Official and Parallel Foreign Exchange Markets in a Developing Country
An experiment with official and parallel foreign exchange markets in a developing country