Subprime Mortgage Crisis and the Exchange Rate Channel: Evidence from Six Countries of the Zone Euro-Med  

作　　者：Ahmed Hachicha Fatma Hachicha 

机构地区：[1]Department of Economic Development, Faculty of Economics and Management of Sfax, Sfax, Tunisia [2]Department of Finance, Institute of Higher Commercial Studies of Sfax, Tunisia

出　　处：《Applied Mathematics》2017年第11期1619-1647,共29页应用数学（英文）

摘　　要：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.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.

关 键 词：SUBPRIME MORTGAGE CRISIS Exchange Rate Channel Euro-Med ZONE Three Evaluation Methods Economic Convergence 

分 类 号：F83[经济管理—金融学]