Real Exchange Rate (Missio et al.)

Real exchange rate and economic growth: new empirical evidence by Fabrício J. Missio, Frederico G. Jayme Jr., Gustavo Britto and José Luis Oreiro published by Cedeplar (7/2013). “The goal of this paper is to empirically analyse the relationship between the real exchange rate and the growth rate of output…The conclusions indicate that maintaining a competitive level for the real exchange rate has positive effects on the growth rate, especially for developing countries in Latin America.”