Should developing countries undervalue their currencies?

Marcel Schroder

    Research output: Contribution to journalArticle


    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
    Publication statusPublished - 2013


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