Marion, Nancy P.

Empirical Evidence on European Dual Exchange Rates and Its Relevance For Latin America / Nancy P. Marion. - Cambridge, Mass. National Bureau of Economic Research 1991. - 1 online resource: illustrations (black and white); - NBER working paper series no. w3809 . - Working Paper Series (National Bureau of Economic Research) no. w3809. .

August 1991.

This paper uncovers some important empirical regularities for the European dual exchange markets of the early 1970s, examines some of the stylized facts about the Latin American dual-rate regimes and assesses whether there are strong parallels between the two. It concludes that one should be cautious about applying the lessons from the European experience to the Latin American ones.




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