Walking the tightrope of real exchange rate policy for development: the roles of targets, instruments, and saving rates

References

• Allen, R. 2009. “Engels Pause: Technical Change, Capital Accumulation, and Inequality in the British Industrial Revolution.” Explorations in Economic History 46 (4):418–435.
   Web of Science ®Google Scholar
• Broadberry, S., K. Fukao, and N. Zammit. 2015. “How Did Japan Catch-up on the West? A Sectoral Analysis of Anglo-Japanese Productivity Differences, 1885-2000.” CEPR Discussion Papers 10570, C.E.P.R. Discussion Papers.
   Google Scholar
• Cooper, R. N. 1971. “Currency Devaluation in Developing Countries.” In Government and Economic Development, edited by G. Ranis. Clinton, MA: The Colonial Press.
   Google Scholar
• Couharde, C., and A. Sallenave. 2013. “How Do Currency Misalignments Threshold Affect Economic Growth?” Journal of Macroeconomics 36:106–20.
   Web of Science ®Google Scholar
• Cravino, J., and A. Levchenko. 2015. “The Distributional Consequences of Large Devaluations.” Working Paper 648, Research Seminar in International Economics, University of Michigan.
   Google Scholar
• Damill, M., and R. Frenkel. 2017. “Symposium: Dilemmas of Exchange Rate and Monetary Policies in Latin America.” Journal of Post Keynesian Economics 40 (1):1–8. doi:https://doi.org/10.1080/01603477.2017.1343079.
   Web of Science ®Google Scholar
• Di Nino, V., B. Eichengreen, and M. Sbracia. 2011. “Real Exchange Rates, Trade, and Growth: Italy 1861–2011.” Quaderni di storia economica (Economic History Working Papers) 10, Bank of Italy, Economic Research and International Relations Area.
   Google Scholar
• Diaz-Alejandro, C. 1963. “A Note on the Impact of Devaluation and the Redistributive Effects.” Journal of Political Economy 71:577–580.
   Web of Science ®Google Scholar
• Dornbusch, R. 1996. “The Latin Triangle.” Working paper (Massachusetts Institute of Technology. World Economy Laboratory). World Economy Laboratory at Massachusetts Institute of Technology.
   Google Scholar
• Dvoskin, A., G. Feldman, and G. Ianni. 2020. “New-Structuralist Exchange-Rate Policy and the Pattern of Specialization in Latin American Countries.” Metroeconomica 71 (1):22–48.
   Web of Science ®Google Scholar
• Elson, A. 2006. “The Economic Growth of East Asia and Latin America in Comparative Perspective.” World Economics 7 (2):97–114.
   Google Scholar
• Frieden, J., and L. Broz. 2006. “The Political Economy of Exchange Rates.” In Oxford Handbook of Political Economy, edited by B. Weingast and D. Wittman. Oxford: Oxford University Press.
   Google Scholar
• Frieden, J., P. Ghezzi, and E. Stein. 2001. Politics and Exchange Rates: A Cross-Country Approach to Latin America. Baltimore: Johns Hopkins University Press.
   Google Scholar
• Gala, P. 2007. “Real Exchange Rate Levels and Economic Development: Theoretical Analysis and Econometric Evidence.” Cambridge Journal of Economics 32 (2):273–288.
   Web of Science ®Google Scholar
• Gerchuno, P., and M. Rapetti. 2016. “La economia Argentina y su conflicto distributivo estructural (1930–2015).” El Trimestre Económico 83 (330):225–272.
   Google Scholar
• Krugman, P., and L. Taylor. 1978. “Contractionary Effects of Devaluation.” Journal of International Economics 8 (3):445–456.
   Web of Science ®Google Scholar
• Levy-Yeyati, E., and F. Sturzenegger. 2007. “Fear of Appreciation.” Policy Research Working Paper 4387, The World Bank, Washington, DC.
   Google Scholar
• Libman, E., J. A. Montecino, and A. Razmi. 2019. “Sustained Investment Surges.” Oxford Economic Papers 71 (4):1071–1095.
   Web of Science ®Google Scholar
• Lin, C.-Y. 1988. “East Asia and Latin America as Contrasting Models.” Economic Development and Cultural Change 36 (S3):S153–S197.
   Google Scholar
• Lizondo, S. J., and P. J. Montiel. 1989. “Contractionary Devaluation in Developing Countries: An Analytical Overview.” International Monetary Fund STA/Papers 36 (1):182–227.
   Google Scholar
• Razmi, A. 2007. “The Contractionary Short-Run Effects of Nominal Devaluation in Developing Countries: Some Neglected Nuances.” International Review of Applied Economics 21 (5):577–602.
   Google Scholar
• Razmi, A., M. Rapetti, and P. Skott. 2012. “The Real Exchange Rate and Economic Development.” Structural Change and Economic Dynamics 23 (2):151–169.
   Google Scholar
• Rodrik, D. 2005. “Growth Strategies.” In Handbook of Economic Growth, Volume 1 of Handbook of Economic Growth, Chapter 14, edited by P. Aghion and S. Durlauf, 967–1014. Amsterdam: Elsevier.
   Google Scholar
• Rodrik, D. 2008. “The Real Exchange Rate and Economic Growth.” Brookings Papers on Economic Activity 2:365–439.
   Google Scholar
• Rodrik, D. 2009. “Growth After the Crisis.” Working Paper 65, Commission on Growth and Development, Washington, DC.
   Google Scholar
• Schroder, M. 2013. “Should Developing Countries Undervalue Their Currencies?” Journal of Development Economics 105:140–151.
   Web of Science ®Google Scholar
• Stein, E., and J. Streb. 2004. “Elections and the Timing of Devaluations.” Journal of International Economics 63 (1):119–145.
   Web of Science ®Google Scholar
• Steinberg, D. A., and K. Malhotra. 2014. “The Effect of Authoritarian Regime Type on Exchange Rate Policy.” World Politics 66 (3):491–529.
   Web of Science ®Google Scholar
• Tinbergen, J. 1952. On the Theory of Economic Policy. Contributions to Economic Analysis. Amsterdam: North-Holland.
   Google Scholar