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The impact of exchange rate policy on remittances in Morocco: A Threshold VAR analysis

Farid Farid ()
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Farid Farid: ESC Pau IRMAPE / CATT-UPPA

Authors registered in the RePEc Author Service: Farid Makhlouf ()

Economics Bulletin, 2014, vol. 34, issue 4, 2351-2360

Abstract: The aim of this paper is to study the effect of nominal exchange rate movements (MAD to EUR) on remittances in the case of Morocco. It analyses monthly data from 2005 to 2014 using a Threshold Vector Auto Regression (TVAR) model to document the impact of exchange rate policy on remittances to Morocco. The results indicate that there is one best unique threshold at Euro/Moroccan Dirham= 11.2048: under the threshold, the effect of nominal exchange rate appreciation on remittances is positive, and above the threshold the effect is negative. These empirical results provide significant implications for the Central Bank of Morocco.

Keywords: Switch regime; TVAR; Remittances; Exchange rate; Morocco (search for similar items in EconPapers)
JEL-codes: E0 E5 (search for similar items in EconPapers)
Date: 2014-11-06
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Related works:
Working Paper: The impact exchange rate policy on remittances in Morocco: A Threshold VAR analysis (2014)
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