مجلة رؤى اقتصادية
Volume 14, Numéro 1, Pages 109-122
2024-07-19
The Impact Of Exchange Rate Policy In Achieving Economic Stability
Authors : Twati Ahlam . Masoud Yusef .
Abstract
Abstract: This paper aims to investigate and analyzes the effectiveness of monetary policy, by using channel of exchange price in official and black markets to achieving economic stability for Libya by using annual date for the period 1980-2020. We adopted gross domestic product, unemployment rate and exchange rates as model’s variables, while these variables consider as one of the macroeconomic indicators. The analysis is performed by using structural break unit root tests, Gregory Hansen, Threshold co-integration "FMOLS, DOLS & CCR" methodology. Subsequently, the results showed that the existence of a "structural break" in 2003, while the inverse relationship in long run between Official exchange rates and economic growth, hence, it is an important stabilizing factor for the Libyan economy. Furthermore, reducing the Libyan unemployment rate would lead to an increase in economic growth.
Keywords
: Gross domestic income ; - unemployment rate ; exchange rates ; - the Libyan economy
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