Since the debt crisis, many countries are still struggling to achieve a current account situation that is compatible with reduced external financing and a moderate but sustainable rate of output growth. A key element of a successful medium term strategy is to move resources into the export sector. This type of policy, unfortunately, often entails sharp short run recessions. The purpose of this paper is to show that real exchange rate uncertainty is...
انظر المزيد
تفاصيل
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1989/6/30
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ورقة عمل خاصة ببحوث السياسات
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WPS221
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1
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1
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2010/7/01
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How does uncertainty about the real exchange rate affect exports?
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real exchange rate