A METHOD OF DETECTING WHETHER A CENTRAL BANK ENGAGES IN THE BLACK-MARKET FOR FOREIGN-EXCHANGE - EVIDENCE FROM IRAN

Authors
BAHMANIOSKOOEE M SHIVA R
Citation
M. Bahmanioskooee et R. Shiva, A METHOD OF DETECTING WHETHER A CENTRAL BANK ENGAGES IN THE BLACK-MARKET FOR FOREIGN-EXCHANGE - EVIDENCE FROM IRAN, Economics letters, 60(1), 1998, pp. 97-103
Citations number
10
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
60
Issue
1
Year of publication
1998
Pages
97 - 103
Database
ISI
SICI code
0165-1765(1998)60:1<97:AMODWA>2.0.ZU;2-1
Abstract
This paper employs Girton and Roper's (1977) monetary model to show ho w it could be used to detect a central bank intervention in the black market for foreign currencies. Iranian data are used for demonstration purposes. (C) 1998 Elsevier Science S.A.