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 … 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 …