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 …

We evaluate the growth effects of real effective exchange rate misalignments for the G20 countries over the period 1980 … which misalignments are derived. Second, we estimate a dynamic panel growth model in which among the traditional … determinants of growth, our measure of misalignments is included. Our findings put forward some important differences between …

of the Asian financial crisis. Moreover, in order to confirm the coexistence of the different growth patterns within the …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …

GDP growth rate data from 1980 to 2022 is used to evaluate real convergence among member states. The findings of the study …