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Capital Inflows and the Real Exchange Rate: Can Financial Development Cure the Dutch Disease?
2009
IMF Working Papers
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows.
doi:10.5089/9781451871678.001
fatcat:hjbabzlolza4ddwd6oiknm7pza