Essays on the measurement of pressure on the foreign exchange market in Morocco
Autor(a) principal: | |
---|---|
Data de Publicação: | 2023 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.23882/rmd.23127 |
Resumo: | This article aims to measure the pressure on the Moroccan foreign exchange market through the EMPI index. It was found that no crisis was signaled by this index during the years 2018 and 2019, which means that the policy of gradual flexibility of the exchange rate regime, which entered into force in January 2018, played a key role in this sense. Consequently, this reform would undoubtedly have reduced the pressure on the exchange rate by making the Moroccan economy more resilient and less vulnerable to exogenous shocks. Thus, 8 periods of crisis were identified with significantly high probabilities. Among these 8 periods, we can distinguish 3 periods which have been planned with more intensity, in particular in the second half of 2008, in the first half of 2012 and 2017. |
id |
RCAP_dffdbf8c51145ede86d250ac0baff614 |
---|---|
oai_identifier_str |
oai:ojs2.revistamultidisciplinar.com:article/127 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Essays on the measurement of pressure on the foreign exchange market in MoroccoEnsaios sobre a medição da pressão no mercado de câmbio em Marrocostaxa de câmbiomercado de câmbioÍndice EMPDepressãoMarrocosexchange rateforeign exchange marketEMP indexpressureMoroccoThis article aims to measure the pressure on the Moroccan foreign exchange market through the EMPI index. It was found that no crisis was signaled by this index during the years 2018 and 2019, which means that the policy of gradual flexibility of the exchange rate regime, which entered into force in January 2018, played a key role in this sense. Consequently, this reform would undoubtedly have reduced the pressure on the exchange rate by making the Moroccan economy more resilient and less vulnerable to exogenous shocks. Thus, 8 periods of crisis were identified with significantly high probabilities. Among these 8 periods, we can distinguish 3 periods which have been planned with more intensity, in particular in the second half of 2008, in the first half of 2012 and 2017.Este artigo tem como objetivo medir a pressão sobre o mercado cambial marroquino através do índice EMPI. Constatou-se que nenhuma crise foi sinalizada por esse índice durante os anos de 2018 e 2019, o que significa que a política de flexibilização gradual do regime cambial, que entrou em vigor em janeiro de 2018, teve papel fundamental nesse sentido. Consequentemente, esta reforma teria sem dúvida reduzido a pressão sobre a taxa de câmbio ao tornar a economia marroquina mais resiliente e menos vulnerável a choques exógenos. Assim, foram identificados 8 períodos de crise com probabilidades significativamente altas. Destes 8 períodos, podemos distinguir 3 períodos que têm sido planeados com mais intensidade, nomeadamente no segundo semestre de 2008, no primeiro semestre de 2012 e 2017.NMd, Núcleo Multidisiplinar2023-02-27info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdftext/htmlhttps://doi.org/10.23882/rmd.23127https://doi.org/10.23882/rmd.23127[RMd] Multidisciplinary Journal; Vol. 5 No. 1 (2023): Social Responsibility, Family and Community; 181-197[RMd] RevistaMultidisciplinar; Vol. 5 Núm. 1 (2023): Responsabilidad social, familia y comunidad; 181-197[RMd] Revue Multidisciplinaire; Vol. 5 No 1 (2023): Responsabilité sociale, famille et communauté; 181-197[RMd] RevistaMultidisciplinar; Vol. 5 N.º 1 (2023): Responsabilidade Social, Família e Comunidade ; 181-1972184-549210.23882/rmd.v5n1reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://revistamultidisciplinar.com/index.php/oj/article/view/127https://revistamultidisciplinar.com/index.php/oj/article/view/127/150https://revistamultidisciplinar.com/index.php/oj/article/view/127/152Direitos de Autor (c) 2023 Ahmed Hrifainfo:eu-repo/semantics/openAccessHrifa, Ahmed2023-06-10T07:00:13Zoai:ojs2.revistamultidisciplinar.com:article/127Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:48:11.350308Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Essays on the measurement of pressure on the foreign exchange market in Morocco Ensaios sobre a medição da pressão no mercado de câmbio em Marrocos |
title |
Essays on the measurement of pressure on the foreign exchange market in Morocco |
spellingShingle |
Essays on the measurement of pressure on the foreign exchange market in Morocco Hrifa, Ahmed taxa de câmbio mercado de câmbio Índice EMP Depressão Marrocos exchange rate foreign exchange market EMP index pressure Morocco |
title_short |
Essays on the measurement of pressure on the foreign exchange market in Morocco |
title_full |
Essays on the measurement of pressure on the foreign exchange market in Morocco |
title_fullStr |
Essays on the measurement of pressure on the foreign exchange market in Morocco |
title_full_unstemmed |
Essays on the measurement of pressure on the foreign exchange market in Morocco |
title_sort |
Essays on the measurement of pressure on the foreign exchange market in Morocco |
author |
Hrifa, Ahmed |
author_facet |
Hrifa, Ahmed |
author_role |
author |
dc.contributor.author.fl_str_mv |
Hrifa, Ahmed |
dc.subject.por.fl_str_mv |
taxa de câmbio mercado de câmbio Índice EMP Depressão Marrocos exchange rate foreign exchange market EMP index pressure Morocco |
topic |
taxa de câmbio mercado de câmbio Índice EMP Depressão Marrocos exchange rate foreign exchange market EMP index pressure Morocco |
description |
This article aims to measure the pressure on the Moroccan foreign exchange market through the EMPI index. It was found that no crisis was signaled by this index during the years 2018 and 2019, which means that the policy of gradual flexibility of the exchange rate regime, which entered into force in January 2018, played a key role in this sense. Consequently, this reform would undoubtedly have reduced the pressure on the exchange rate by making the Moroccan economy more resilient and less vulnerable to exogenous shocks. Thus, 8 periods of crisis were identified with significantly high probabilities. Among these 8 periods, we can distinguish 3 periods which have been planned with more intensity, in particular in the second half of 2008, in the first half of 2012 and 2017. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-02-27 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://doi.org/10.23882/rmd.23127 https://doi.org/10.23882/rmd.23127 |
url |
https://doi.org/10.23882/rmd.23127 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://revistamultidisciplinar.com/index.php/oj/article/view/127 https://revistamultidisciplinar.com/index.php/oj/article/view/127/150 https://revistamultidisciplinar.com/index.php/oj/article/view/127/152 |
dc.rights.driver.fl_str_mv |
Direitos de Autor (c) 2023 Ahmed Hrifa info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Direitos de Autor (c) 2023 Ahmed Hrifa |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf text/html |
dc.publisher.none.fl_str_mv |
NMd, Núcleo Multidisiplinar |
publisher.none.fl_str_mv |
NMd, Núcleo Multidisiplinar |
dc.source.none.fl_str_mv |
[RMd] Multidisciplinary Journal; Vol. 5 No. 1 (2023): Social Responsibility, Family and Community; 181-197 [RMd] RevistaMultidisciplinar; Vol. 5 Núm. 1 (2023): Responsabilidad social, familia y comunidad; 181-197 [RMd] Revue Multidisciplinaire; Vol. 5 No 1 (2023): Responsabilité sociale, famille et communauté; 181-197 [RMd] RevistaMultidisciplinar; Vol. 5 N.º 1 (2023): Responsabilidade Social, Família e Comunidade ; 181-197 2184-5492 10.23882/rmd.v5n1 reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799130952919678976 |