Should developing countries undervalue their currencies?
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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
Collections | ANU Research Publications |
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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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01_Schroder_Should_developing_countries_2013.pdf | 477.77 kB | Adobe PDF | Request a copy |
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