Kocenda, Evžen; Maurel, Mathilde; Schnabl, Gunther - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
The European sovereign debt crisis revived the discussion concerning pros and cons of exchange rate adjustment in the …-run growth performance. Previous literature has estimated the average growth of countries with different degrees of exchange rate … flexibility. We augment this literature by analyzing short-and long-term growth effects of exchange rate flexibility in a panel …