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 … depreciation in Tunisia but have no significant effect in Morocco, while FDI does not have an effect on the real exchange rate in …. Morocco and Tunisia provide contrasting outcomes. Our results confirm the importance of the macroeconomic framework in which …