Publication:
Financial Development, Exchange Rate Regimes, and Growth Dynamics

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dc.contributor.authorKassa, Woubet
dc.contributor.authorLartey, Emmanuel K.K.
dc.date.accessioned2018-08-23T17:12:32Z
dc.date.available2018-08-23T17:12:32Z
dc.date.issued2018-08
dc.description.abstractThis 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 the relationship between exchange rate flexibility and growth. Moreover, the results show a strong and positive association between exchange rate flexibility and financial development. The findings, therefore, suggest that discussions and decisions on exchange rate policy should be undertaken with consideration for structural policies that address the development of the financial sector. In addition, the paper asserts that policy makers should adopt a stance that facilitates some flexibility in exchange rates to foster development of the financial infrastructure in these economies.en
dc.identifierhttp://documents.worldbank.org/curated/en/675111534786895810/Financial-development-exchange-rate-regimes-and-growth-dynamics
dc.identifier.doi10.1596/1813-9450-8562
dc.identifier.urihttps://hdl.handle.net/10986/30289
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8562
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectEXCHANGE RATES
dc.subjectGROWTH DRIVERS
dc.subjectECONOMIC GROWTH
dc.subjectPRODUCTIVITY
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectTRADE LIBERALIZATION
dc.subjectOPENNESS
dc.titleFinancial Development, Exchange Rate Regimes, and Growth Dynamicsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleFinancial Development, Exchange Rate Regimes, and Growth Dynamics
okr.date.disclosure2018-08-20
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/675111534786895810/Financial-development-exchange-rate-regimes-and-growth-dynamics
okr.guid675111534786895810
okr.identifier.doi10.1596/1813-9450-8562
okr.identifier.externaldocumentum090224b085f9e62c_1_0
okr.identifier.internaldocumentum30359864
okr.identifier.reportWPS8562
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/675111534786895810/pdf/WPS8562.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSub-Saharan Africa
okr.statistics.combined2178
okr.statistics.dr675111534786895810
okr.statistics.drstats1400
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicInternational Economics and Trade::Globalization and Financial Integration
okr.topicInternational Economics and Trade::Trade Liberalization
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.unitOffice of the Chief Economist, Africa Region
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relation.isAuthorOfPublicationae18e2f2-1226-5237-9156-85dcd0561bbd
relation.isAuthorOfPublication.latestForDiscovery87a89be1-564e-57a6-8827-b603d624fd3d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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