Devarajan, Shantayanan; Go, Delfin S.; Page, John; … - 2008
exchange rate (Dutch disease)
does not occur. In their paper, “Aid, Growth and Real
Exchange Rate Dynamics,” this key result … smoothing
to take place. If aid volatility forces recipients to be
constrained and myopic, Dutch disease problems become
an … extensive aid in developing countries, its incentive effects, possible Dutch
disease, and macroeconomic instability, as well as …