Designing Policies in the Presence of Hawala Markets
Published By: National Institute of Public Finance and Policy | Published Date: January, 01 , 2015The paper explores the impact of the existence of such a mechanism on the effectiveness of various policy instruments in influencing outcomes on the official foreign exchange markets and GDP. The paper tries to deal with customs tariff thereby reducing the effectiveness of this policy in controlling depreciation of the currency.
Author(s): R.Kavita Rao, Suranjali Tandon | Posted on: Jan 13, 2015 | Views(1548) | Download (348)