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Persistent link: https://www.econbiz.de/10003839109
This study aims to investigate the relations between the level of the real exchange rate, foreign savings and domestic savings in Brazil. The appreciation of the domestic currency caused by financing the current account deficit reduces the expected profit rate in the tradable goods industry,...
Persistent link: https://www.econbiz.de/10011865140
According to the development approach to exchange rates, competitive currencies have been a key factor in most East and Southeast Asian successful growth strategies. There is also today an important empirical literature that relates overvaluations to low per capita growth rates. While the...
Persistent link: https://www.econbiz.de/10012716381