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. Indeed, the overvaluation has a negative and significant effect on the FDI while undervaluation does not have a significant … effect on it. Finally, a persistent overvaluation in developing countries can slow down the flow of FDI to these countries …, whereas the persistent undervaluation stimulates these flows. …
Persistent link: https://www.econbiz.de/10011273126
Empirical studies outline developing countries' experience economic growth through an undervalued exchange rate and that exchange rate overvaluations have negative long term effects on economic growth. This paper examined the impact of exchange rate movements as well as exchange rate...
Persistent link: https://www.econbiz.de/10012009873
Empirical studies outline developing countries’ experience economic growth through an undervalued exchange rate and that exchange rate overvaluations have negative long term effects on economic growth. This paper examined the impact of exchange rate movements as well as exchange rate...
Persistent link: https://www.econbiz.de/10011956526
exchange rate misalignment is harmful to sectoral output.. The study indicated instead of undervaluation necessitating sectoral … performance it however negatively affects sectoral output while real exchange rate overvaluation as expected, negatively and …
Persistent link: https://www.econbiz.de/10008678276
Persistent link: https://www.econbiz.de/10010528505
To understand the growth effects of currency undervaluation we estimate its impact on the different components of GDP …. We find that, for developing countries, undervaluation does not affect the tradable sector, but does lead to greater …
Persistent link: https://www.econbiz.de/10011041836
. This paper finds that exchange rate misalignment has asymmetric effects. Specifically, overvaluation significantly hurts … growth while undervaluation has the opposite effect (though statistically insignificant). Misalignment affects developed and …
Persistent link: https://www.econbiz.de/10011240414
contagion effect of a Euro crisis on the CFA Franc. Though the level of growth increased significantly during the undervaluation …
Persistent link: https://www.econbiz.de/10012229204
Yuan exchange rates were overvalued in most of the period of this study. The period of undervaluation observed in June 2016 …
Persistent link: https://www.econbiz.de/10012604583
should tolerate overvaluation of the pula of only up to 5%. When the pula is overvalued beyond 5%, capital flight increases …
Persistent link: https://www.econbiz.de/10012611097