Rosenberg, Christoph B.; Zeeuw, Maarten de - In: IMF staff papers 48 (2001) 1, pp. 160-178
In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan's quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased...
