The Euro and the Production Structure and Export Performance of Middle East and North African Countries

Author/Editor:

Jean-François Ruhashyankiko

Publication Date:

January 1, 1999

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper explores the link between exchange rate volatility of European currencies and economic performance of several countries in the Middle East and North Africa (MENA). The elimination of intra euro-zone exchange rate volatility resulting from the introduction of the euro is estimated to affect the production structure of MENA economies and shift their exports from manufacturing to agriculture and services. At the country and industry levels, the impact of the euro is more striking in countries with higher shares of manufacturing and higher shares of exports to the euro zone.

Series:

Working Paper No. 99/12

Subject:

English

Publication Date:

January 1, 1999

ISBN/ISSN:

9781451842883/1018-5941

Stock No:

WPIEA0121999

Format:

Paper

Pages:

31

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