The Real Exchange Rate and Economic Growth

The real exchange rate was not at the center of the first generation of neoclassical growth models, nor was it prominent among the policy prescriptions that flowed from those models. Recent analyses, in contrast, have paid it more attention. This p...

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Bibliographic Details
Main Author:	Eichengreen, Barry
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ABSOLUTE VALUE ACCOUNTING ADVANCED COUNTRIES ADVANCED ECONOMIES ASSETS BALANCE SHEET BALANCE SHEET MISMATCHES BANK LENDING BANKRUPTCY BENEFICIARIES BUDGET DEFICITS BUSINESS CYCLES CAPITA INCOME CAPITAL CONTROLS CAPITAL FLIGHT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS COMPETITIVE EXCHANGE RATE COMPETITIVE REAL EXCHANGE RATE COMPETITIVE REAL EXCHANGE RATES COMPETITIVENESS CONSOLIDATION CORPORATE SAVINGS CREDIT CEILINGS CROSS-COUNTRY EVIDENCE CURRENCY CURRENCY APPRECIATION CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT BALANCES CURRENT ACCOUNT SURPLUS DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DISTORTIONS DOMESTIC DEMAND DOMESTIC PRICE DOMESTIC PRICE LEVEL DUMMY VARIABLE ECONOMETRIC EVIDENCE ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC RESEARCH EFFECTIVE EXCHANGE RATE EMERGING COUNTRIES EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMPIRICAL STUDIES ENTRY BARRIERS EXCHANGE RATE CLASSIFICATION EXCHANGE RATE DEPRECIATION EXCHANGE RATE DETERMINATION EXCHANGE RATE FLEXIBILITY EXCHANGE RATE MOVEMENTS EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATE STABILITY EXCHANGE RATE SYSTEM EXCHANGE RATE VARIABILITY EXCHANGE RATE VOLATILITIES EXIT STRATEGIES EXIT STRATEGY EXPENDITURE EXPORT GROWTH EXPORT INCENTIVES EXPORT MARKET EXPORT PERFORMANCE EXPORT SHARES EXPORTERS EXPOSURES EXTERNAL DEBT EXTERNAL DEFICIT EXTERNAL DEMAND FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL CRISES FINANCIAL DEVELOPMENT FINANCIAL FRAGILITY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEMS FISCAL POLICIES FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN MARKETS FUNDAMENTAL DETERMINANTS GLOBAL IMBALANCES GLOBALIZATION GOVERNMENT REVENUE GROWTH RATES HEDGING INSTRUMENTS HUMAN CAPITAL IMPORT IMPORTS INDUSTRIAL COUNTRIES INFLATION INSTITUTIONAL CAPACITY INSTRUMENT INSTRUMENTAL VARIABLES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMICS INVESTMENT RATE INVESTMENT SPENDING LABOR FORCE LABOR MARKET LAND REFORM LEVELS OF INVESTMENT LEVY LIFE-CYCLE MODEL LIVING STANDARDS MACROECONOMIC PERFORMANCE MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET CONDITIONS MARKET DEVELOPMENT MARKET FORCES MARKET PRESSURES MISALIGNMENT MONETARY POLICY MULTIPLE EXCHANGE RATES NATIONAL INCOME NOMINAL DEPRECIATION NOMINAL EXCHANGE RATE OPEN ECONOMY OPTIMAL ALLOCATION OUTPUT GROWTH PLANNED ECONOMIES POLICY OPTIONS POLICY RESEARCH POLITICAL ECONOMY POLITICAL STABILITY PORTFOLIO POVERTY REDUCTION PRICE OF EXPORTS PRIVATE INVESTMENT PROPERTY RIGHTS PUBLIC SPENDING PURCHASING POWER RAPID GROWTH RATE OF GROWTH REAL APPRECIATIONS REAL DEPRECIATION REAL DEPRECIATIONS REAL EFFECTIVE EXCHANGE RATE REAL EXCHANGE REAL EXCHANGE RATE REAL EXCHANGE RATE OVERVALUATION REAL EXCHANGE RATE UNCERTAINTY REAL EXCHANGE RATE VOLATILITY REAL EXCHANGE RATES REGULATORY REFORM RELATIVE PRICE RELATIVE PRICES RESERVE RESERVE ACCUMULATION RETURN RETURNS RISK NEUTRAL SAVINGS RATE SAVINGS RATES SCATTER PLOTS SLOWDOWN STANDARD DEVIATION SUPPLY CONDITIONS SUSTAINED GROWTH TAX TAX REFORMS TRADE LIBERALIZATION TRADE REGIME TRADE REGIMES TRANSITION ECONOMIES UPWARD PRESSURE WORLD ECONOMY WORLD PRICE
Online Access:	http://documents.worldbank.org/curated/en/868701468152077108/The-real-exchange-rate-and-economic-growth http://hdl.handle.net/10986/28013

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http://documents.worldbank.org/curated/en/868701468152077108/The-real-exchange-rate-and-economic-growth
http://hdl.handle.net/10986/28013

The Real Exchange Rate and Economic Growth

Internet

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