It is often asserted that the volatility of European exchange rates affects countries with close economic ties to Europe (see for example, World Economic Outlook, October, 1997, p. 73), Middle East and North African (MENA) countries belong to this category, as nearly 40 percent of their exports are destined to the 11 countries in the euro zone. 2 The currency unification that took place with the introduction of the euro is bound to have a significant impact on Europe's trading partners
Bibliography
Includes bibliographical references (page 31)
Notes
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