On the occasion of capital account liberalization in developing countries it has been ascertained the appearance of short-term and long-term effects on prices and production in the country. The short-term effects are shown in faster growth of local goods prices in relation to foreign-trade...

Serbian abstract: Valutni forvardi su najjednostavniji valutni derivati, a obično se definišu kao ugovori o kupovini ili prodaji određene količine strane valute, po određenoj ceni, određenog dana u budućnosti. Budući da se ugovaraju privatno, forvardi mogu glasiti na bilo koji iznos...