Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
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.