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Should developing countries undervalue their currencies?

Schroder, Marcel

Description

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

CollectionsANU Research Publications
Date published: 2013
Type: Journal article
URI: http://hdl.handle.net/1885/74772
Source: Journal of Development Economics
DOI: 10.1016/j.jdeveco.2013.07.015

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