Effect of currency undervaluation
on growth (and other variables)
Empirical evidence suggests that the bulk of securities mispricing occurs in the direction of overvaluation rather than undervaluation
There is a strong positive relationship across all developing countries between currency undervaluation
and economic growth.
Our findings indicate that the "ROE" (return on equity) and "percentage of voting rights owned by the public" variables are the best indicators of undervaluation
, depending on whether a probabilistic or a linear approach is used.
raises the domestic price of tradables relative to nontradables, which provides an offsetting boost to the tradable goods sector.
Most of the empirical results to date do not support the conclusion that exchange rate undervaluation
is helpful for growth.
The latest merger and acquisition activity reflects the lure of solid cashflows, historical undervaluation
and strong demand for new homes because housing supply is restricted by tight planning regulations.
Currently, seven pieces of legislation are floating around Congress that could redress the undervaluation
of Chinese currency--Schumer/Graham, Stabenow, Collins/Bayh, Lieberman, Sanders, English and Ryan/Hunter.
Lockhart said undervaluation
is "the biggest problem" that can lead to an E&O claim.
In his amended complaint, Hill repeated his allegations of general unfairness in the Lycoming County property reassessment, including his assertion that the value of "high-crime, blighted, ghetto property" was inflated to compensate for the loss of tax revenue from undervaluation
of "exclusive, large, wealthy, estate land parcels" The trial court again dismissed his complaint.
The largest contributor to that wealth gap, according to Black Wealth, White Wealth by Melvin Oliver and Thomas Shapiro, is the undervaluation
of our homes.
The waste metal industry was "particularly difficult for member states to police", said Brussels, with formal undervaluation
and cash payments lowering VAT payments.