This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship between exchange rate flexibility and GDP growth as well as total factor productivity growth. The paper also documents a positive impact of trade openness on...
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INFORMATION
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2018/08/20
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Document de travail de recherche sur les politiques
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WPS8562
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1
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1
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2018/08/20
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Disclosed
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Financial development, exchange rate regimes, and growth dynamics
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exchange rate regime
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