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Exchange rate volatility, corruption, and economic growth

Josefa Ramoni-Perazzi1, Héctor Romero1

  • 1Escuela de Economía y Administración, Universidad Industrial de Santander, Colombia.

Heliyon
|January 3, 2023
PubMed
Summary

Exchange rate volatility negatively impacts economic growth. This effect is less pronounced in countries with higher corruption levels, suggesting adaptation to economic instability.

Keywords:
CorruptionEconomic growthExchange rate volatilityGARCH modelsGMM models

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