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In this paper, we investigate the long-run relationship between effective real exchange rate volatility and economic … find that real exchange rate volatility negatively affects economic growth when the ratio of domestic credit to GDP is … affected by the volatility of effective real exchange rate. In this respect, debate around the reforms of financial system and …
Persistent link: https://www.econbiz.de/10013128806
, RER volatility is found harmful for growth. These results holds when testing for asymmetric effects of RER misalignment: a …
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Exchange rate management is a salient macroeconomic issue, especially in developing countries. In this paper, we study political economy factors that may affect the real exchange rate (RER) process and the real economic effects of the RER. We review recent literature on the effects of elections...
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This paper examines the impact of real effective exchange rate misalignment on economic growth in Nigeria using an annual data spanning 1960 to 2011. The augmented growth model was estimated using purchasing power parity (PPP) and generalized method of moment (GMM) approaches. Through series of...
Persistent link: https://www.econbiz.de/10011460320
Despite the large body of work that exists on the impact of exchange rate undervaluation on economic growth, only a mere literature focuses on the potential transmission mechanisms. There are authors who consider the size of the tradable sector as the operative channel through which...
Persistent link: https://www.econbiz.de/10011905657
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