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Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

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NBER2006-05-01 更新2025-01-04 收录
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This paper offers empirical evidence that real exchange rate volatility can have a significant impact on long-term rate of productivity growth, but the effect depends critically on a country's level of financial development. For countries with relatively low levels of financial development, exchange

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2006-05-01
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