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...

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Библиографические подробности
Главный автор: Berg, Andrew
Другие авторы: Miao, Yanliang
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2010.
Серии:IMF Working Papers; Working Paper ; No. 2010/058
Online-ссылка:Full text available on IMF