Volatilidade Cambial e Crescimento Econômico: Teorias e Evidências para Economias em Desenvolvimento e Emergentes (1980 e 2007)

Eliane Araujo

Economia, 2011, vol. 12, issue 2, 187_213

Abstract: In this paper we investigate the relationship between economic growth and exchange rate volatility in emerging and developing countries. We pointed out channels of influence of exchange rate volatility on the growth of economies, through investment, trade flows, asymmetric shocks and capital market. A model that relates the economic growth and exchange rate volatility is estimated on a panel data of 90 emerging and developing countries between 1980 and 2007. Estimates show that exchange rate volatility has significant negative effect on economic growth, suggesting the importance of policies that contribute to the greater stability of exchange rates.

Keywords: Taxa de Câmbio; Volatilidade e Crescimento Econômico (search for similar items in EconPapers)
JEL-codes: C23 F31 F43 (search for similar items in EconPapers)
Date: 2011
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Working Paper: Volatilidade Cambial eCrescimento Econômico: Teorias e Evidencias para Economias emDesenvolvimento e Emergentes (1980 e 2007) (2011)
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