This paper surveys the theoretical and empirical literature on the effects of the real exchange
rate (RER) on international trade, economic development and growth. We summarize the …

This paper analyzes the role of real exchange rate (RER) policies in promoting economic
development. Markets provide a suboptimal amount of investment in sectors characterized …

Recent empirical studies have found a robust correlation between competitive exchange
rates and economic growth in developing economies. This paper presents (i) a formal model …

Why are some countries richer than others? Why do some economies grow so much faster
than others do? Do economies tend to converge to similar levels of per capita income? Or is …

Cómo puede México salir del estancamiento económico en que ha estado sumido en las
últimas tres décadas? Pocas preguntas tienen tanta relevancia para el futuro de la sociedad …

This paper offers a systematic survey of recent research evaluating the impact of the level
and volatility of the real exchange rate (RER) on economic growth. Existing empirical work …

We analyze Argentina's macroeconomic policy and performance between 2003 and 2013.
The period began with a rapid recovery following the 2001–02 crisis. Recovery then turned …

En este trabajo analizamos los principales desafíos que plantea la actual corriente de
ingresos de capital a las economías de América Latina (AL). En el pasado, varios países de …

The balance-of-payments-constrained growth (BPCG) model provides an interesting
hypothesis regarding economic growth. The main implication is that world demand places …

The present article critically examines the transmission channels from real exchange rate
undervaluation to output growth adduced by New‐Structuralism (NS). To this end, we …