Showing 1 - 10 of 407
The Democratic Republic of Congo (DRC) has faced persistent current account deficits despite a period of economic growth fueled by Foreign Direct Investment (FDI). This paper uses an Autoregressive Distributed Lag (ARDL) model and the Balance of Payments (BOP) framework to explore the dynamics...
Persistent link: https://www.econbiz.de/10015214462
Ce papier revoit la problématique du choix d’un régime de change pour les économies émergentes. Nous revoyons la littérature théorique et empirique sur la question en attachant une attention particulière à l’évolution des régimes de change (éventuelle disparition des régimes...
Persistent link: https://www.econbiz.de/10015233386
We study the behavior of the Real Effective Exchange Rate (REER) of the dirham against the European currencies (the EU15), over the period 1960–2000. We measure the volatility using standard deviation, and the misalignments as the difference between the actual REER and the equilibrium REER...
Persistent link: https://www.econbiz.de/10015238567
Views in the economic literature on the main factors that influence exchange rates have evolved over time in response to economic developments and new trends in economic theory. This article provides a brief interpretative survey of the main theories of exchange rate determination. The factors...
Persistent link: https://www.econbiz.de/10009371664
French Abstract: La crise de la zone euro illustre les carences des mécanismes d'ajustements dans une union monétaire caractérisée par une forte hétérogénéité. Cette situation reflète un diagnostic simple. Au niveau de l'ensemble de la zone, l'euro est proche de son taux d'équilibre....
Persistent link: https://www.econbiz.de/10012974961
The aim of this work was to estimate a DSGE-SOE model for the DR Congo by referring to the Bayesian techniques for the quarterly data from 2002q1 to 2016q4 in order to analyze the relations between the main macroeconomic variables and to simulate the " impact of some major shocks on their...
Persistent link: https://www.econbiz.de/10015257435
what could explained the persistence on the dependence of sub-Saharan African countries toward the export of raw materials? This is the main question of this paper. In fact, we test the hypothesis of a Dutch disease occurrence in CEMAC. Globally speaking, the obtained results are significant...
Persistent link: https://www.econbiz.de/10015265542
An Old question in international trade is to know if the trade is more reproducible with the Old theories of international trade than the new. Nevertheless, an common idea is that the fair trade is better than autarcky. This the main question of this paper to know if openness to trade is better...
Persistent link: https://www.econbiz.de/10015268262
The methodology of cointegration filled the void that existed between economic theorists and econometricians in …
Persistent link: https://www.econbiz.de/10015237124
This study analyzes the choice of the optimal exchange rate regime for a small open economy, Nigeria. On the basis of structural VAR modeling, we introduced the pass-through question in order to respond to the choice of the optimal exchange rate regime for Nigeria, based on the anchoring of the...
Persistent link: https://www.econbiz.de/10015256101