Cover IMF Working Papers
The Euro and the Production Structure and Export Performance of Middle East and North African Countries
Author:
Jean-François Ruhashyankikonull

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Series:
IMF Working Papers
Volume/Issue:
Volume 1999: Issue 012
Language:
English
Publication Date:
01 Jan 1999
DOI:
https://doi.org/10.5089/9781451842883.001
ISBN:
9781451842883
ISSN:
1018-5941
Pages:
31
Keywords:
WP; euro volatility; euro; exchange rate; exports; production structure; product industry; industry intercept; minerals industry; constant term; Manufacturing; Export performance; Agricultural sector; Exchange rates; North Africa; Middle East; West Africa; Europe; East Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1999: Issue 012