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Should developing countries undervalue their currencies?

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Schroder, Marcel

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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

dc.contributor.authorSchroder, Marcel
dc.date.accessioned2015-12-13T22:29:32Z
dc.identifier.issn0304-3878
dc.identifier.urihttp://hdl.handle.net/1885/74772
dc.description.abstractThe 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
dc.publisherElsevier
dc.sourceJournal of Development Economics
dc.subjectKeywords: currency; developing world; economic development; economic growth; purchasing power parity; real exchange rate Economic growth; Real exchange rate misalignment; Undervaluation
dc.titleShould developing countries undervalue their currencies?
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume105
dc.date.issued2013
local.identifier.absfor140200 - APPLIED ECONOMICS
local.identifier.ariespublicationf5625xPUB4295
local.type.statusPublished Version
local.contributor.affiliationSchroder, Marcel, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage140
local.bibliographicCitation.lastpage151
local.identifier.doi10.1016/j.jdeveco.2013.07.015
dc.date.updated2016-02-24T09:23:34Z
local.identifier.scopusID2-s2.0-84883817015
local.identifier.thomsonID000327106300012
CollectionsANU Research Publications

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