Rapetti, Martín; Skott, Peter; Razmi, Arslan - In: International Review of Applied Economics 26 (2012) 6, pp. 735-753
Recent research has found a positive relationship between real exchange rate (RER) undervaluation and economic growth. Different rationales for this association have been offered, but they all imply that the mechanisms involved should be stronger in developing countries. Rodrik (2008) explicitly...