Fear of Appreciation is popular PDF and ePub book, written by Eduardo Levy Levy-Yeyati in 2016, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Fear of Appreciation can be Read Online from any device for your convenience.
Fear of Appreciation Book PDF Summary
In recent years the term quot;fear of floatingquot; has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this quot;fear of appreciationquot; has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.
Detail Book of Fear of Appreciation PDF
- Author : Eduardo Levy Levy-Yeyati
- Release : 22 September 2024
- Publisher : Unknown
- ISBN : OCLC:1290703224
- Genre : Uncategoriezed
- Total Page : 39 pages
- Language : English
- PDF File Size : 20,8 Mb
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