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Volatilidade Cambial eCrescimento Econômico: Teorias e Evidencias para Economias emDesenvolvimento e Emergentes (1980 e 2007)

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  • Eliane Cristina de Araújo

Abstract

In this paper we investigate the relationship between economic growth and exchange rate volatility in emerging and developing countries. We pointed out channels of influence of exchange rate volatility on the growth of economies, through investment, trade flows, asymmetric shocks and capital market. A model that relates the economic growth and exchange rate volatility is estimated on a panel data of 90 emerging and developing countries between 1980 and 2007. Estimates show that exchange rate volatility has significant negative effect on economic growth, suggesting the importance of policies that contribute to the greater stability of exchange rates.

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Bibliographic Info

Paper provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its series Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] with number 105.

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Date of creation: 2011
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Handle: RePEc:anp:en2009:105

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