ISSN: 2225-8329
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This study delved into the repercussions of the COVID-19 pandemic on Morocco's exchange rate through the application of an Autoregressive Distributed Lag (ARDL) model. The dataset employed for this investigation encompassed daily time series data collected between March 23, 2020, to June 30, 2021. Our results suggest that, in the short run, COVID-19 new cases had a negative effect on Morocco's exchange rate. Over the long term, an increase in new COVID-19 cases adversely influenced the exchange rate. Furthermore, control variable like the Brent Oil Price Index negatively impacted the exchange rate. The study results are significant for policymakers, governmental authorities, and investors, as they provide valuable insights into how Morocco's exchange rate reacts during periods of uncertainty and crisis.
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(Al-alawnh et al., 2023)
Al-alawnh, N. A. K., Habibullah, M. S., & Sapar, R. (2023). Impact of COVID-19 on Morocco's Currency Exchange Rate: An ARDL Approach. International Journal of Academic Research in Accounting, Finance and Management Sciences, 13(4), 210–224.
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