The Macroeconomic Consequences of Exchange Rate Depreciations
Currency depreciations relative to the dollar stimulate borrowing from abroad and economic growth for peggers, driven by lower uncovered interest parity deviations rather than expenditure switching.
Featured in No. 139 on 13 Nov 2026 · 12 days after release
- Released
- 1 Nov 2026
- First featured
- No. 139 · 13 Nov 2026
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- Identifier
- RePEc:cdl:econwp:qt5wq6v1rf
- Authors
- Masao Fukui et al.
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