Pradhan, Ashis Kumar; Hiremath, Gourishankar S. - In: Cogent Business & Management 7 (2020) 1, pp. 1-22
In this study, we examine the competitiveness effect of currency depreciation in the presence of external commercial borrowing (ECBs) and low financial development. The estimates of autoregressive distributed lag (ARDL) show the contractionary effects of exchange rate depreciation on exports...
