黑市汇率是均衡汇率的好指标吗?一个来自南亚证据的简单测试

INTL: Emerging Asian Markets (Topic) Pub Date : 2010-02-14 DOI:10.2139/ssrn.1552885

M. Emran, Forhad Shilpi

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引用次数: 4

摘要

黑市汇率溢价在实证文献中被广泛用作贸易和汇率扭曲的指标。本文对黑市汇率是均衡汇率的可靠指标的零假设进行了简单检验。来自印度和斯里兰卡的证据否定了这一说法，从而对目前经验做法的有效性提出了严重怀疑。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Is Black Market Exchange Rate a Good Indicator of Equilibrium Exchange Rate? A Simple Test with Evidence from South Asia

The black market exchange rate premium is widely used in the empirical literature as an indicator of trade and exchange rate distortions. This paper presents a simple test of the null hypothesis that the black market exchange rate is a reliable indicator of the equilibirum exchange rate. The evidence from India and Sri Lanka rejects the null, and thus raises serious doubts about the validity of the current empirical practice.

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INTL: Emerging Asian Markets (Topic)

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