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Parallel Currency Markets in Developing Countries: Theory, Evidence, and Policy Implications
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  • 1999Transition Strategies: Choices and Outcomes79 cited
  • 1996Interpreting the ERM Crisis: Country-Specific and Systemic Issues64 cited
  • 2000A search-theoretic model of legal and illegal currency61 cited
  • 2000Real exchange rate behaviour: evidence from black markets48 cited
  • 1993The causality between official and parallel exchange rates in developing countries42 cited
  • 1994Black and official exchange rates in the Pacific Basin countries: an analysis of their long-run dynamics40 cited
  • 1992External Debt, Adjustment, and Burden Sharing: A Unified Framework36 cited
  • 2007Does purchasing power parity hold in emerging markets? Evidence from a panel of black market exchange rates32 cited
  • 1997Capital-Market Imperfections and the Macroeconomic Dynamics of Small Indebted Economies32 cited
  • 1998THE EFFECTS OF INFLATION AND EXCHANGE RATE POLICIES ON DIRECT INVESTMENT TO DEVELOPING COUNTRIES30 cited
  • 1997Has the Market Solved the Sovereign-Debt Crisis?28 cited
  • 1997Parallel Exchange Rates in Developing Countries: Lessons from Eight Case Studies27 cited
  • 2003Market efficiency, purchasing power parity, and the official and parallel markets for foreign currency in Latin America25 cited
  • 2005

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The Effects of Devaluation on Aggregate Output: Empirical Evidence from Africa
22 cited
  • 2006Nonlinear Mean Reversion in Real Exchange Rates: Evidence from Developing and Emerging Market Economies21 cited
  • 1995Exchange rate policies in developing countries21 cited