A STATISTICAL ANALYSIS OF THE IMPACT OF THE INFORMAL ECONOMY ON THE COMPORTMENT OF THE EXCHANGE RATES IN ALBANIA

Ines Dika

Economy & Business Journal, 2023, vol. 17, issue 1, 201-211

Abstract: The use of foreign currencies as partial substitute of national currency is qualified herein as contributors for a relatively good conduct of the Euro-ALL FX rates. Its effect is considerable due to the significant size of the informal sector where this economic event takes place, and by other cash inflows from Euro zone-economies. At the same time, those occurrences have contributed on the over- evaluation of the national currency but imposed high nonstationary of the rate of return distribution and large multifractality spectrum of the exchange prices.

Keywords: exchange rates; informal economy; stationarity (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:17:y:2023:i:1:p:201-211

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