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Determinants of the Parallel Market Premium, Real Exchange Rate and Price Level in Iran

Kazem Yavari; Hossein Ghaderi

Volume 6, Issue 18 , April 2004, , Pages 111-140

Abstract
  The purpose of this paper is to find out simultaneously the determinants of the parallel market premium, real exchange rate and price level by using a macroeconomic model. Using the 3SLS regression technique, the paper shows that money, expected inflation rate, net return of foreign exchange, investment, ...  Read More