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Nominal and real effective exchange rates of middle eastern countries and their trade performance

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  • Mohsen Bahmani-Oskooee

Abstract

Indexes of real and nominal effective exchange rates that are published by the IMF, are mostly for industrial countries. None of the Middle Eastern countries have received any attention on this regard. This paper tries to close the gap by constructing such indexes for 11 middle eastern countries over 1971(I)-1994(IV) period. As an application, long-run response of their trade balance to devaluation is also investigated.

Suggested Citation

  • Mohsen Bahmani-Oskooee, 2001. "Nominal and real effective exchange rates of middle eastern countries and their trade performance," Applied Economics, Taylor & Francis Journals, vol. 33(1), pages 103-111.
    • Handle: RePEc:taf:applec:v:33:y:2001:i:1:p:103-111
    DOI: 10.1080/00036840122490
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