On Measuring the Social Opportunity Cost of Foreign Exchange

Glenn Jenkins () and Chun-Yan Kuo ()
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Chun-Yan Kuo: Department of Economics, Queen's University, Kingston, Ontario K7L 3N6, Canada

No 1985-06, Development Discussion Papers from JDI Executive Programs

Abstract: In this paper a multi-sector general equilibrium model is developed to measure the social opportunity cost of foreign exchange. The model allows one to evaluate this parameter and take explicit account of the combined impact of the change in the demand for imports and the impact of the method of financing used by the government to pay for them. Three alternative ways of financing and increasing the demand for foreign exchange have been evaluated using this model. These results indicate that the social value of foreign exchange is approximately 6.5 per cent greater than the market exchange rate in Canada.

Keywords: :Social Opportunity Cost; Foreign Exchange; Canada (search for similar items in EconPapers)
Pages: 17 pages
Date: 1985-06
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Citations: View citations in EconPapers (2)

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Journal Article: On Measuring the Social Opportunity Cost of Foreign Exchange (1985)
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