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The impact of Egypt's accession to the BRICS group on the foreign exchange crisis in Egypt

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  • Yasmeen Fekery Yaseen El Khodary
  • Mousa Gowfal Selmey Gowfal Selmey
  • Elsayed Farrag Elsaid Mohamed Elsayed

Abstract

This paper investigated the impact of Egypt's accession to the BRICS bloc by studying the participation rate of BRICS countries in Egypt, as well as the exposure rate and the ratio of foreign investment of BRICS countries in Egypt to the total foreign investment in Egypt, as well as Egypt's export opportunities in the BRICS markets and the impact of these variables on the ratio of foreign assets in Egypt during the period from 2000 to 2024, In order to predict the impact of Egypt's accession to the BRICS bloc in the coming years as well. The study used the ARDL model to determine the impact of the four independent variables on the dependent variable (foreign assets), which is the ratio of foreign assets. It also used automatic ARIMA model to predict the values of the study variables during the period from 2024 to 2030.

Suggested Citation

  • Yasmeen Fekery Yaseen El Khodary & Mousa Gowfal Selmey Gowfal Selmey & Elsayed Farrag Elsaid Mohamed Elsayed, 2024. "The impact of Egypt's accession to the BRICS group on the foreign exchange crisis in Egypt," Papers 2412.16927, arXiv.org.
    • Handle: RePEc:arx:papers:2412.16927
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    References listed on IDEAS

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    1. Ozcelebi, Oguzhan, 2019. "Assessment of asymmetric effects on exchange market pressure: Empirical evidence from emerging countries," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 498-513.
    2. Li, Hongmei & Xu, Ruizhe, 2023. "Impact of fiscal policies and natural resources on ecological sustainability of BRICS region: Moderating role of green innovation and ecological governance," Resources Policy, Elsevier, vol. 85(PB).
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