The Determinants of the Expansion of the Exchange Rate on the Black Market in the Maghreb

Bouazizi, S.E.

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Title	The Determinants of the Expansion of the Exchange Rate on the Black Market in the Maghreb
Authors	Bouazizi, S.E.
ORCID
Keywords	обмін валюти обмен валюты currency exchange чорний ринок черный рынок the black market причинність Сaрейнджера причинность Сaрейнджера Granger causality неоднорідність неоднородность heterogeneity грошова маса денежная масса money supply офіційний курс официальный курс official course
Type	Article
Date of Issue	2020
URI	https://essuir.sumdu.edu.ua/handle/123456789/77483
Publisher	Sumy State University
License
Citation	Bouazizi, S.E. (2020). The Determinants of the Expansion of the Exchange Rate on the Black Market in the Maghreb. Financial Markets, Institutions and Risks, 4(1), 32-39. http://doi.org/10.21272/fmir.4(1).32-39.2020.
Abstract	The shadow economy has recently grown significantly in the overall national economy. In the Maghreb countries (Morocco, Algeria, Tunisia, Libya, Mauritania), the informal economy is the result of the introduction of a managed economy, which gradually forms the prerequisites for the emergence of a monetary deficit in these countries. Since the early 1990s, after the institutional changes in the market economy, a black currency exchange has taken a significant turn, which was accompanied by a large gap between the black market and official currency exchange.
Appears in Collections:	Financial Markets, Institutions and Risks (FMIR)