Growth effects of currency mismatches: evidence from emerging economies

Autor:	Tarkan Cavusoglu
Rok vydání:	2009
Předmět:	Economics and Econometrics media_common.quotation_subject Monetary economics International economics Exchange rate Currency Debt Economics Emerging market economies Volatility (finance) Emerging markets Foreign exchange risk media_common Panel data
Zdroj:	Applied Economics. 41:1677-1690
ISSN:	1466-4283 0003-6846
DOI:	10.1080/00036840601131714
Popis:	This article investigates empirically the effects of currency mismatches on economic growth and volatility of growth in emerging market economies. Using the Arellano–Bond dynamic panel data approach, the analyses provide evidence on the presence of adverse growth effects of currency mismatches. This illustrates the crucial role played by foreign currency denominated debts in the propagation mechanism of contractionary depreciations in emerging economies in the last decade. Further evidence from estimations implies that the adverse effects of mismatches on growth and growth volatility are more pronounced with higher exchange rate fluctuations.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1c490c7e7646af2c4668ec9b9d81be22 https://doi.org/10.1080/00036840601131714 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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