TITLE:
Determination of Parallel Market Exchange Rate Premium
AUTHORS:
Oluremi Ogun
KEYWORDS:
Foreign Exchange Market, Parallel Market Exchange Rate Premium, Short Run, Long Run
JOURNAL NAME:
Modern Economy,
Vol.6 No.2,
February
15,
2015
ABSTRACT: A model of the
determination of parallel market exchange rate premium in liberalized economies
is presented. Clear distinction is made between fundamental and nominal
determinants with economic justification(s) given for every variable. Likely
data problems that may arise during implementation are discussed and
suggestions on circumventing are made.