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

31 Pages Posted: 10 Feb 2006  

Jean-François Ruhashyankiko

International Monetary Fund (IMF); Harvard University

Date Written: January 1999

Abstract

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.

Keywords: euro, exchange rate, exports, production structure

JEL Classification: F02, F14, F15, F33, O53

Suggested Citation

Ruhashyankiko, Jean-François, The Euro and the Production Structure and Export Performance of Middle East and North African Countries (January 1999). IMF Working Paper, Vol. , pp. 1-31, 1999. Available at SSRN: https://ssrn.com/abstract=880539

Jean-Francois Ruhashyankiko (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

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