Real exchange rate appreciation in emerging markets: Can fiscal policy help? by Marialuz Moreno Badia and Alex Segura-Ubiergo published by IMF (1/2014). “A number of emerging markets have experienced substantial real exchange rate appreciation in recent years, generating concerns about competitiveness and prompting policymakers to respond with a combination of mitigating policies. This paper shows that fiscal policy can play a role in alleviating these pressures…”
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