Glüzmann, P. A., Levy-Yeyati, E., & Sturzenegger, F. (2012). Exchange Rate Undervaluation and Economic Growth: Díaz Alejandro (1965) Revisited. Economics Letters, 33, 666-672.
https://doi.org/10.1016/j.econlet.2012.07.022

has been cited by the following article:

• TITLE: Exchange Rate Volatility and Economic Growth in the Democratic Republic of Congo (DRC)

  AUTHORS: Allegra Kabamba Mbuyi, Catherine Kato-Kale Kakasi, Clément Muya Ntumba, Elvis Imbaleva Mpebale

  KEYWORDS: Exchange Rate Volatility, VAR, Economic Growth, DRC

  JOURNAL NAME: Modern Economy, Vol.13 No.5, May 31, 2022

  ABSTRACT: This paper studied the effects of exchange rate volatility on economic growth. Our empirical analysis focuses on the Democratic Republic of Congo (DRC) from 1990 to 2021 and is based on the vector autoregression (VAR) model. The results show that economic growth is a function of its own innovations, the exchange rate and trade openness. Also, a depreciation of the domestic currency against the foreign currency hinders economic growth. These results suggest a strengthening of resilience through the diversification of economic activity in order to improve the international competitiveness of the Congolese economy.