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A Statistical Analysis Of The Impact Of The Informal Economy On The Comportment Of The Exchange Rates In Albania

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  • Ines Dika

Abstract

The use of foreign currencies as partial substitute of national currency is qualified herein as contributors for a relatively good conduct of the Euro-ALL FX rates. Its effect is considerable due to the significant size of the informal sector where this economic event takes place, and by other cash inflows from Euro zone-economies. At the same time, those occurrences have contributed on the over- evaluation of the national currency but imposed high nonstationary of the rate of return distribution and large multifractality spectrum of the exchange prices.

Suggested Citation

  • Ines Dika, 2023. "A Statistical Analysis Of The Impact Of The Informal Economy On The Comportment Of The Exchange Rates In Albania," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 17(1), pages 201-211.
    • Handle: RePEc:isp:journl:v:17:y:2023:i:1:p:201-211
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    References listed on IDEAS

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    More about this item

    Keywords

    exchange rates; informal economy; stationarity;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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