Baliamoune-Lutz, Mina - In: Applied Economics 42 (2010) 27, pp. 3481-3490
Using Vector Error-Correction (VEC) model estimation on monthly data from Morocco for the period January 1974 to December 1992, this article tests the hypothesis that there is a long-run stable relationship between the official and the black-market exchange rates for US dollars. We also examine...