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The equilibrium real exchange rate and macroeconomic performance in developing countries

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  • Marcel Schröder

Abstract

This article presents first estimates of the growth impact of the equilibrium real exchange rate (ERER) for a sample of 63 developing countries over 1970–2007. The results suggest that real exchange rate misalignment, not the level of the ERER, matters for macroeconomic performance in these countries.

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  • Marcel Schröder, 2017. "The equilibrium real exchange rate and macroeconomic performance in developing countries," Applied Economics Letters, Taylor & Francis Journals, vol. 24(7), pages 506-509, April.
    • Handle: RePEc:taf:apeclt:v:24:y:2017:i:7:p:506-509
    DOI: 10.1080/13504851.2016.1205718
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    Cited by:

    1. Stephen Chan & Jeffrey Chu & Saralees Nadarajah & Joerg Osterrieder, 2017. "A Statistical Analysis of Cryptocurrencies," JRFM, MDPI, vol. 10(2), pages 1-23, May.

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