Quarterly Journal of Economics Vol. 85 No. 2 1971

Foreign Exchange Shadow Prices: A Critical Review of Current Theories

Edmar Bacha¹; Lance Taylor²

¹ Fundação Getulio Vargas · ² Harvard University Press

Abstract

I. Introduction, 197. — II. The welfare approach, 198. — III. Costs of producing foreign exchange, 207. — IV. Equilibrium and parity exchange rates, 213. — V. Comparisons of the methods and a recommended evaluation rule, 220.

DOI

10.2307/1880701

Volume

85

Issue

2

Pages

197

Sources

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