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The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning...
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When the OECD Development Centre launched research in 2005 to document the economic, political and social impacts of China's and India's economic growth on sub-Saharan African (SSA) countries, the arrival (or resurgence) of new important players had triggered concerns among traditional donors....
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<heading format="display" id="h1" implicit="yes" level="1">Abstract</heading> (1248) Andrea Goldstein, Nicolas Pinaud, Helmut Reisen and Dorothy McCormick Copyright 2009 The Authors. Journal compilation 2009 Blackwell Publishing Ltd.
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