文章基本信息

标题：The impact of exchange rate policy on remittances in Morocco: A Threshold VAR analysis
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作者：Farid Farid
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2014
卷号：34
期号：4
出版社：Economics Bulletin
摘要：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.
关键词：Switch regime ; TVAR ; Remittances ; Exchange rate ; Morocco