Economic optimality of the exchange rate regime applied in Morocco

Ahmed KHATTAB, Yahya SALMI

Abstract


Abstract. The main objective of this study is to analyze from an economic point of view the optimality of the exchange rate regime applied in Morocco, while basing on a macroeconomic analysis on the gradual flexibility of the Moroccan exchange rate regime and while presenting the conditions of success of the gradual flexibility based on the optimal widening of the band of fluctuation of the exchange rate to +/-5% that have been adopted by the domestic monetary authorities.

Keywords. Band of fluctuation, optimality, exchange rate regime, gradual flexibility, Moroccan economy, monetary authorities.

JEL. C51, C68, E02, F31, F41.

Keywords


Band of fluctuation; optimality; exchange rate regime; gradual flexibility; Moroccan economy; monetary authorities.

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References


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DOI: http://dx.doi.org/10.1453/jel.v8i2.2222

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