Capital inflows, real exchange rate and financial development: empirical evidence for the Maghreb countries

Dr. Zouheir ABIDA; Imen Mohamed Sghaier

Authors

Dr. Zouheir ABIDA
Imen Mohamed Sghaier

Keywords:

Afflux de capitaux, d#xE9;veloppement financier, taux de change r#xE9;el, coint#xE9;gration sur donn#xE9;es de panel

Abstract

L'un des effets néfastes associé à l'afflux massif de capitaux dans les pays émergents est la déstabilisation de la gestion macroéconomique suite à une appréciation importante du taux de change réel. A l'aide des techniques de l'économétrie des données de panel non stationnaires, ce papier montre que, dans l'allocation optimale des ressources, le développement financier pourrait atténuer l'appréciation du taux de change réel dans les pays du Maghreb sur la période 1980-2008.

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How to Cite

Capital inflows, real exchange rate and financial development: empirical evidence for the Maghreb countries. (2011). Global Journal of Management and Business Research, 11(11), 43-58. https://journalofbusiness.org/index.php/GJMBR/article/view/100132

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