When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth »
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2010
Keywords: real exchange rate, growth, exchange rate, tradable goods, exchange rate appreciation, real exchange rate appreciation, International Factor Movements: Other, Economic Growth of Open Economies,
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real...