The findings of the paper point to the fact that the fixed exchange rate regimes did not operateas an effective shield of protection from currency strains and transformational recessions.

This paper addresses the variety of static and dynamic impacts that the Euro-Med Agreements (EMA) may have on the MENA economies. It first considers options for trade and domestic policy reforms, including the context in which policies are designed and implemented and the range of policy options...

This paper analyzes the integration process of European equity markets since the 1980s. Its central focus is on the role that EMU, and specifically, changes in exchange rate volatility, has played in this process of financial integration.

The purpose of this study is to assess the economic performance of African countries according to their exchange rate regimes. The methodology is based on the estimation of an empirical growth model that controls for labor productivity, investment share, initial income per capita, and changes in...

This study measures the proportion of U.S. exchange rate movements that can be accounted for by movements in relative prices of non-traded goods.

Renewed interest in the issue of appropriate exchange rate arrangements, particularly for developing countries, has been prompted by the general increase in global capital modility and the currency and payments crises of the 1990s. Three propositions are currently heard as prescriptions...

Economic and Monetary Union is a further step in the ongoing process of European economic integration. In this respect, it is also part of the wider integration in the global economy. EMU will enable the European Union to meet the challanges of globalisation.

On the basis of currency available information it seems reasonable to assume that European Monetary Union (EMU) will become a reality in the early years of the next century and that at least two of the EU's larger economies, Germany and France, will be participants. Unfortunately the same...

The findings of the paper point to the fact that the fixed exchange rate regimes did not operateas an effective shield of protection from currency strains and transformational recessions.