Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

By Philippe Aghion, Philippe Bacchetta, Romain Rancière, Kenneth S. Rogoff. 2009

1,067 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b2bf560cf12920a159036bbb4b4575f0b77f7509

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Joshua Aizenman
2. F. van der ploeg
3. Michael W. Klein
4. David Hémous
5. Enisse Kharroubi
6. Antonio Fatás
7. I. Mihov
8. Philippe Aghion

In Finance

1. Joshua Aizenman
2. Michael W. Klein
3. Livio Stracca
4. F. van der ploeg
5. Jay C. Shambaugh
6. Daniel Riera-Crichton
7. M. Pagano
8. Giovanni Pica

Citations in the corpus

• Policy Volatility, Institutions, and Economic Growth (2013, background): “Aghion et al. (2006) study a different dimension of policy volatility: the effect of exchange rate volatility on productivity growth.”
• Are Crises Good for Long-Term Growth? The Role of Political Institutions (2010, neutral): “See the Appendix for further details.”
• The Role of Finance in Economic Development: Benefits, Risks, and Politics (2011, neutral): “23 See Aghion et al. (2009).”
• Oil Exports and the Iranian Economy (2013, neutral): “In addition, in‡ation is often included as a control variable in the mainstream panel regressions in the growth literature, so as to capture the possible negative e¤ects of price instability on economic growth (Aghion et al. (2009) and Cavalcanti et al.”
• Real Exchange Rate and International Reserves in an Era of Growing Financial and Trade Integration (2007, positive): “2 Recently, Aghion et al. (2006) found that REER volatility reduces growth for countries with relatively low levels of financial development; hence, factors mitigating REER volatility may be associated with superior economic performance.”
• Finance and Employment (2012, positive): “Similarly, well-developed financial markets and institutions can help dampen the negative impact that exchange rate volatility has on firms’ liquidity and thus investment capacity (Aghion et al., 2009).”
• Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold? (2017, neutral): “…Reinhart and Rogoff (2004) classification has been extremely widely used in empirical macroeconomics across a wide variety of topics, for example Aghion et al (2009) and Rajan and Subramanian (2005) on growth, Aizenman and Lee (2007) and Jeanne and Ranciere (2006) on reserve accumulation, Chinn…”