The Real Exchange Rate and Growth Revisited : The Washington Consensus Strikes Back?

The Washington Consensus Strikes Back?

The Real Exchange Rate and Growth Revisited : The Washington Consensus Strikes Back?
There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The "Washington Consensus" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008) argues that undervaluation relative to purchasing power... READ MORE...

Publication date: March 2010
ISBN 9781451963755
$18.00

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