Should developing countries undervalue their currencies?

Marcel Schroder

    Research output: Contribution to journalArticle

    Abstract

    The Washington Consensus emphasizes the economic costs of real exchange rate distortions. However, a sizable recent empirical literature finds that undervalued real exchange rates help countries to achieve faster economic growth. This paper shows that rec
    Original languageEnglish
    Pages (from-to)140-151
    JournalJournal of Development Economics
    Volume105
    DOIs
    Publication statusPublished - 2013

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