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 language | English |
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Pages (from-to) | 140-151 |
Journal | Journal of Development Economics |
Volume | 105 |
DOIs | |
Publication status | Published - 2013 |