Ben M'Barek Hassene; Hager, Ben Romdhane - In: International Journal of Financial Services Management 5 (2011) 1, pp. 21-33
. The use of cointegration tests has shown the existence of a long-run equilibrium relationship between real exchange rate … equilibrium. To attest for exchange control effect on long-run equilibrium, and even short-run adjustment dynamics, we have … estimated a time-series cointegration VAR model. We found out that the relationship between long-run equilibrium and adjustment …