Short- and long-term growth effects of exchange rate adjustment

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F13%3A00423403" target="_blank" >RIV/67985998:_____/13:00423403 - isvavai.cz</a>

Alternative codes found

RIV/00216208:11640/13:00391312

Result on the web

<a href="http://dx.doi.org/10.1111/roie.12025" target="_blank" >http://dx.doi.org/10.1111/roie.12025</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1111/roie.12025" target="_blank" >10.1111/roie.12025</a>

Result language

angličtina

Original language name

Short- and long-term growth effects of exchange rate adjustment

Original language description

The European sovereign debt crisis revived the discussion concerning pros and cons of exchange rate adjustment in the face of asymmetric shocks. In the spirit of Keynes, exit from the euro area is to regain rapidly international competitiveness. In the spirit of Schumpeter, exchange rate stability with structural reforms would be beneficial towards the long-run growth performance. Previous literature has estimated the average growth of countries with different degrees of exchange rate flexibility. Thisliterature is augmented by analyzing short- and long-term growth effects of exchange rate flexibility in a panel cointegration framework for a sample of 60 countries clustered in five country groups. The estimations show that countries with a high degreeof exchange rate stability exhibit a higher long-term growth performance. It is shown that the degree of business cycle synchronization with the anchor country matters for the impact of exchange rate flexibility on growth.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GAP403%2F11%2F0020" target="_blank" >GAP403/11/0020: Dynamics of information flows and volatility transmission in financial markets</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Review of International Economics

ISSN

0965-7576

e-ISSN

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Volume of the periodical

21

Issue of the periodical within the volume

1

Country of publishing house

GB - UNITED KINGDOM

Number of pages

14

Pages from-to

137-150

UT code for WoS article

000313983100011

EID of the result in the Scopus database

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