Working Papers
ERF Working papers are a quick and efficient way of sharing research work to disseminate knowledge, receive feedback, obtain preliminary recognition, and ultimately, to prepare publications.
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Is the Announced Monetary Union in GCC Countries Feasible? A Multivariate Structural VAR Approach
Abstract This paper tests the desirability and feasibility of establishing a monetary union in GCC... Read More
Hedging Transaction Exposure within the Context of a Basket Foreign Exchange Rate Arrangement
Abstract In a basket managed foreign exchange rate arrangement, the volatility of the domestic money... Read More
Trends of Total Factor Productivity in Egypt’s Pharmaceutical Industry: Evidence from the Nonparametric Malmquist Index Approach
Abstract In this paper, trends in total factor productivity (TFP) growth in 13 of Egypt's... Read More
The Liquidity Effect in Algeria and Morocco: A Multivariate Threshold Autoregressive Investigation
Abstract The objective of this paper is to test for the liquidity effect in Algeria... Read More
Rethinking Time Allocation of Egyptian Women: A Matching Analysis
Abstract To our knowledge, the present research is the first to explore the extremely biased... Read More
Business Cycle Synchronization: A Mediterranean Comparison
Abstract Nowadays, due to the world economic regionalization, business cycle synchronization is of great importance.... Read More
Effects of Growth Volatility on Economic Performance: Empirical Evidence from Turkey
Abstract This paper examines the relationship between growth and growth volatility for a small open... Read More
Financial Crises’ Prevention and Recovery
Abstract After the completion of the capital account liberalization in 1989, Turkey recovered from two... Read More
Determinants of Time-Varying Sensitivity of MENA Countries to Global Shocks: A State Space Approach
Abstract This paper examines whether the mechanism by which global shocks are transmitted into MENA... Read More