Series: IMF Working Papers
Author(s): Bassem Kamar , and Samy Ben Naceur
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2007
Keywords: Models with panel data, central banks and their policies, analysis of fiscal and monetary policy, economic integration, policy coordination and transmission, exchange rate, real exchange rate, correlation, exchange rates, cointegration,
Coordinating macroeconomic policies is a pre-requisite to a successful launch of the common currency in the GCC countries. Relying on the Behavioral Equilibrium Exchange Rate approach as a theoretical framework, we...