The aim of this paper is to investigate the link between currency misalignments and economic growth. Relying on panel … misalignments have a differentiated impact on economic growth depending on their sign: whereas overvaluations negatively affect … economic growth, real exchange rate undervaluations significantly enhance it. This result indicates that undervaluations may …

growth rate and the level of dollarization in emerging market economies. We consider two different panels including 12 and 22 …

sectors with a higher demand for external finance. In countries with poor financial institutions though, only the most … countries’ exports. This is more the case in industries with a higher demand for external finance. Though, more than 60% of the … effect of financial development channels through the intensive margin. In industries where the demand for external finance is …

that financial development is regularly included among the conditions for economic growth and catch up of developing …

This paper investigates the microeconomic effects of financial development on economic growth. The increased … availability of credit is usually expected to improve firms’ growth due to the elimination of credit constraints. We investigate … rapid economic growth and underlying structural changes. We examine how changes in the level credit over GDP in Indian …