Capital Inflows and the Real Exchange Rate : Can Financial Development Cure the Dutch Disease?

Can Financial Development Cure the Dutch Disease?

Capital Inflows and the Real Exchange Rate : Can Financial Development Cure the Dutch Disease?
This paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows. Using dynamic panel data techniques, the paper finds that the exchange rate appreciation effect of FDI inflows is indeed attenuated when financial and capital markets are larger and... READ MORE...

Publication date: January 2009
ISBN 9781451871678
$18.00

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