Nouira, Ridha; Sekkat, Khalid - In: Journal of Macroeconomics 34 (2012) 2, pp. 537-552
This paper contributes to a current and intense debate among economists on whether real exchange rate undervaluation … positive impact. It also allows for the possibilities that the effect of undervaluation on growth operates with delay or … dependent on the persistence or the level of undervaluation. We did not find any convincing support to the claim that a …