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Dynamique du taux de change parallèle et intégration des marchés de change du Nigéria et du Bénin

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Authors

YALLOU, Sahid T.
Université Cheikh Anta Diop FACULTE DES SCIENCES ECONOMIQUE ET DE GESTION
DOI: https://doi.org/10.57054/codesria.pub.1885

Keywords:

Taux de change marchés des changes secteur informel commerce Nigéria Bénin

Synopsis

The breakdown of Bretton-Woods system makes many currencies floating according
to market conditions. In consequence, exchange rate risk appears as one of major of
uncertainty. As in many developing countries, in Benin there is a parallel exchange
market with free afflssion;;, One common thread in the emergen~e ott these parallel
markets has been the,Iinposition of foreign exchange controls. Paif~ exchange rate
dynamic study's shows some characteristics closed to financial series. With a vector
error correction model, we find there is a high integration between Benin and Nigeria
parallel exchaI\ge markets. Notwithstanding, impulse functions show that the
· parallel exchange r.;i.te fuhdamentals belong to nigerian economy.

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References

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Published

November 15, 2006

Language

French

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APA T., Y. S. (2006). Dynamique du taux de change parallèle et intégration des marchés de change du Nigéria et du Bénin. CODESRIA. https://doi.org/10.57054/codesria.pub.1885

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Chicago T., YALLOU, Sahid. Dynamique du taux de change parallèle et intégration des marchés de change du Nigéria et du Bénin. Dakar: CODESRIA, 2006. https://doi.org/10.57054/codesria.pub.1885.

MLA T., YALLOU, Sahid. Dynamique du taux de change parallèle et intégration des marchés de change du Nigéria et du Bénin. CODESRIA, 2006. https://doi.org/10.57054/codesria.pub.1885.

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