Exchange rate undervaluation and economic growth: Diaz Alejandro (1965) revisited

被引：72

作者：

Alfredo Gluezmann, Pablo ^{[2
,3
]}

Levy-Yeyati, Eduardo ^{[4
]}

Sturzenegger, Federico ^{[1
,4
]}

机构：

[1] Banco Ciudad Buenos Aires, Buenos Aires, DF, Argentina

[2] Univ Nacl La Plata, La Plata, Buenos Aires, Argentina

[3] Consejo Nacl Invest Cient & Tecn, RA-1033 Buenos Aires, DF, Argentina

[4] Univ Torcuato Di Tella, Buenos Aires, DF, Argentina

来源：

ECONOMICS LETTERS | 2012年 / 117卷 / 03期

关键词：

Undervaluation; Economic growth; Real exchange rate; INTERNATIONAL RESERVES;

D O I：

10.1016/j.econlet.2012.07.022

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 domestic savings and investment, as well as employment. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：666 / 672

页数：7

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