IMPACT OF AN UNDERVALUED EXCHANGE RATE ON ECONOMIC GROWTH
نویسندگان
چکیده
n the case of growing global instability and vulnerability to external shocks in emerging markets, analysis exchange rates remains one priority areas scientific research while state authorities ensure its stability. Moreover, due market failures, weak institutions, a high level openness, rate is “second best” tool for improving competitiveness macroeconomic In particular, many scholars believe that an undervalued positively affects economic growth by competitiveness, increasing export earnings facilitating inflow foreign investment based on fundamental laws international trade capital flows. However, empirical verification assumption often shows contradictory results. It requires comprehensive mechanisms, tools, potential consequences, limiting factors positive impact devaluation growth, which especially important because subsequent contraction hryvnia as russian war. One most common mixed effects specifics each country: sectoral structure, parameters aggregate supply demand, consistency fiscal monetary policies, structural imbalances. The authors propose complementary measures within economic, financial, industrial, innovation policies complement enhance effect national currency growth. our opinion, such recommendations can be practical form policy post-war recovery face likely weakening uncertainty future.
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ژورنال
عنوان ژورنال: ?????????? ?? ????????? ??????? ?????????
سال: 2022
ISSN: ['2617-8044']
DOI: https://doi.org/10.17721/tppe.2022.45.6