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2008 | OriginalPaper | Chapter

The Effects of Regional Integration: Impact on Real Effective Exchange Rate Volatility, Institutional Quality and Growth for MENA Countries

Authors : Leonardo Becchetti, Iftekhar Hasan

Published in: Financial Development, Institutions, Growth and Poverty Reduction

Publisher: Palgrave Macmillan UK

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Two of the main (anticipated and concurring) effects expected from regional integration among virtuous countries (or around a core of economically more advanced countries) are reduced exchange rate volatility, and higher and less heterogeneous quality of institutional rules and macroeconomic policies.

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