Underinvoicing of exports, overinvoicing of imports, and the dollar premium on the black market
This paper is divided into two parts. The first is a theoretical development of the question of under or over invoicing of exports and imports within the context of a model of choice between risky and secure assets. The second part attempts to ascertain the empirical evidence for the Brazilian econo...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1992 |
| País: | México |
| Institución: | EL COLEGIO DE MÉXICO |
| Repositorio: | Estudios Económicos de El Colegio de México |
| Idioma: | inglés |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/304 |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/304 |
| Access Level: | acceso abierto |
| Palabra clave: | exports imports Brazil black market exportaciones importaciones Brasil mercado negro |
| Sumario: | This paper is divided into two parts. The first is a theoretical development of the question of under or over invoicing of exports and imports within the context of a model of choice between risky and secure assets. The second part attempts to ascertain the empirical evidence for the Brazilian economy. It is concluded that the hypothesis that the black market dollar premium plays a role in this process cannot be rejected. |
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