Addison, Tony; Baliamoune-Lutz, Mina - 2013
of two North African countries, Morocco and Tunisia. We do so by performing a multivariate time series analysis of … in the long run, but has no effect on the real exchange rate in the case of Tunisia. Remittances cause a real … depreciation in Tunisia but have no significant effect in Morocco, while FDI does not have an effect on the real exchange rate in …