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Welfare effects of exchange controls: An application to the Haitian economy

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Abstract

This paper estimates monthly welfare losses and the shadow exchange rate that followed a policy of restrictions of access to foreign exchange, in force in the Haitian economy from 1985 to 1991. These losses are substantial. The determinants of the parallel market, another phenomenon consistent with such a policy of restrictions, are also estimated.

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Authors and Affiliations

  1. Howard University, USA

    Kathleen Dorsainvil

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  1. Kathleen Dorsainvil
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Additional information

The author thanks Steven A. Y. Lin, an anonymous referee, and seminar participants at the Latin American and Caribbean Economic Association 1997 meetings and the International Atlantic Economic Conference, Boston, MA, October 8–11, 1998, for helpful comments on earlier drafts. All remaining errors are the author's responsibility.

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Dorsainvil, K. Welfare effects of exchange controls: An application to the Haitian economy. International Advances in Economic Research 6, 427–437 (2000). https://doi.org/10.1007/BF02294962

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  • DOI: https://doi.org/10.1007/BF02294962

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