Gala, Paulo Sérgio de Oliveira Simões; Libanio, Gilberto - Escola de Economia de São Paulo (EESP), Fundação … - 2010
The objectives of this paper are twofold. First, it intends to provide theoretical elements to analyze the relation between real exchange rates and economic development. Our main hypothesis is very much in line with the Dutch disease literature, and states that competitive currencies contribute...