TITLE:
Subprime Mortgage Crisis and the Exchange Rate Channel: Evidence from Six Countries of the Zone Euro-Med
AUTHORS:
Ahmed Hachicha, Fatma Hachicha
KEYWORDS:
Subprime Mortgage Crisis, Exchange Rate Channel, Euro-Med Zone, Three Evaluation Methods, Economic Convergence
JOURNAL NAME:
Applied Mathematics,
Vol.8 No.11,
November
28,
2017
ABSTRACT: This article proposes to assess the impact of the subprime mortgage crisis on
the exchange rate channel in 6 countries of the Euro-Med zone. To do this,
our analysis is based on three evaluation methods that allow us to conclude
that the exchange rate channel is better evaluated by the non-linear approach
of the countries studied. Thus, the depreciation of the exchange rate adopted
by the countries of the Med zone did worse macroeconomic stability and
economic convergence.