Should developing countries undervalue their currencies?
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
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|Source:||Journal of Development Economics|
|01_Schroder_Should_developing_countries_2013.pdf||477.77 kB||Adobe PDF||Request a copy|
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