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Dual exchange rates : theory, insulation properties and the South African experience
Includes bibliographies.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Economics
2016
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| _version_ | 1867613165324337152 |
|---|---|
| access_status_str | Open Access |
| author | Galloway, D W |
| author2 | Kahn, Brian |
| author_browse | Galloway, D W Kahn, Brian |
| author_facet | Kahn, Brian Galloway, D W |
| author_sort | Galloway, D W |
| collection | Thesis |
| description | Includes bibliographies. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/17271 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:48.735Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/17271 Dual exchange rates : theory, insulation properties and the South African experience Galloway, D W Kahn, Brian Foreign Exchange Includes bibliographies. Dual exchange rate regimes are not a phenomenon peculiar only to South Africa. In the past they have been implemented by the BLEU, France, Italy and the Netherlands in one form or another. More recently, multiple exchange regimes have been adopted by other developing countries such as Mexico, Brazil, Venezuela and Argentina. The rationale for imposing a two- or multi-tier exchange regime is to protect the balance of payments from volatile short-term capital flows due to political and economic uncertainty inherent in developing economies. The focus of this paper is on the insulation properties of dual market systems against foreign shocks. These shocks may take the form of foreign interest rate increases or increases in foreign perceptions of risk. An implication of these insulation properties is that the monetary authorities are able to pursue a monetary policy independent of external constraints. 2016-02-26T07:17:32Z 2016-02-26T07:17:32Z 1990 Master Thesis Masters MCom http://hdl.handle.net/11427/17271 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Foreign Exchange Galloway, D W Dual exchange rates : theory, insulation properties and the South African experience |
| thesis_degree_str | Master's |
| title | Dual exchange rates : theory, insulation properties and the South African experience |
| title_full | Dual exchange rates : theory, insulation properties and the South African experience |
| title_fullStr | Dual exchange rates : theory, insulation properties and the South African experience |
| title_full_unstemmed | Dual exchange rates : theory, insulation properties and the South African experience |
| title_short | Dual exchange rates : theory, insulation properties and the South African experience |
| title_sort | dual exchange rates theory insulation properties and the south african experience |
| topic | Foreign Exchange |
| url | http://hdl.handle.net/11427/17271 |
| work_keys_str_mv | AT gallowaydw dualexchangeratestheoryinsulationpropertiesandthesouthafricanexperience |