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The goal of this paper is to address the role of the real effective exchange rate (fundamentals, misalignment and volatility) for the current account using a panel data analysis for a set of 58 countries, over the period of 1994-2014. The results suggest that exchange rate misalignment is...
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1. Introduction / Ronald MacDonald and Abdulrazak Al Faris -- 2. Currency union in the GCC countries : history, prerequisites and implications / Abdulrazak Al Faris -- 3. Economic, political and institutional prerequisites for monetary union among the members of the Gulf Cooperation Council /...
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