Capital inflows and the real exchange rate : can financial development cure the Dutch disease /
This paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows. Using dynamic panel data techniques, the paper finds that the exchange rate appreciation effect of FDI inflows is indeed attenuated when f...
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| Format: | Book |
| Language: | English |
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[Washington, D.C.] :
International Monetary Fund,
©2009
Washington, D.C. : 2009 |
| Series: | IMF Working Papers ;
Working Paper No. 09/20 IMF Working Papers; Working Paper ; No. 2009/020 IMF eLibrary IMF working paper ; WP/09/20 |
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