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and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown …
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of two North African countries, Morocco and Tunisia. We do so by performing a multivariate time series analysis of … aggregated annual data over the period 1980-2009. Aid causes real exchange rate appreciation in the case of Morocco, especially … depreciation in Tunisia but have no significant effect in Morocco, while FDI does not have an effect on the real exchange rate in …
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