Ezzahid, Elhadj; Maouhoub, Brahim - Institut für Weltwirtschaft (IfW) - 2014
This paper explores the links between gradual capital account liberalization and the exchange rate regime in Morocco … agents, that are monetary authorities and domestic firms, we explore the best choice concerning the exchange rate regime for … flexible exchange rate regime is higher compared to welfare under a fixed exchange rate regime. The analysis also shows that …