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 f...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 2009/020 |
| الوصول للمادة أونلاين: | Full text available on IMF |