Ben Naceur, Sami; Bakardzhieva, Damyana; Kamar, Bassem - In: World Development 40 (2012) 2, pp. 223-237
Attracting capital and foreign exchange flows is crucial for developing countries. Yet, these flows could lead to real exchange rate appreciation and may thus have detrimental effects on competitiveness, jeopardizing exports and growth. We investigate this dilemma by comparing the impact of six...