Ucer, E. Murat; Agénor, Pierre-Richard - International Monetary Fund (IMF) - 1995
This paper examines the short- and long-run effects of exchange market reform in developing countries. The first part … reviews the recent experience of Guyana, India, Jamaica, Kenya, Sierra Leone, and Sri Lanka with exchange market reform. The …, when the post-reform regime consists of either a pure float or a managed float. The third part discusses the impact of …