The paper provides an empirical analysis of the determinants of currency substitution in Egypt and the Yemen Arab …

contraction of economic activity in Yemen throughout the ongoing conflict that erupted in 2015. Using estimated nightlights … growth for Yemen. I show that real GDP contracted by a cumulative 24 percent over 2015-17 against 50 percent according to …

Monetary policy in Yemen is largely rudimentary and ad hoc in nature. The Central Bank of Yemen''s (CBY) approach has … argues in favor of a new formal monetary policy framework for Yemen emphasizing a proactive and rule-based approach with a …

This paper investigates the likely implications of declining oil production on Yemen''s equilibrium exchange rate, and … exchange rate stability, a softly managed float would be a better option for Yemen whereby the central bank may have to lead …

Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of … inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii) a Structural Vector … Autoregression Model, and (iii) a Vector Error Correction Model. The outcomes suggest that inflation dynamics in Yemen are driven by …

This paper uses a variant of the IMF''s Global Economy Model (GEM) to estimate the macroeconomic effects of Yemen …''s full accession into the Gulf Cooperation Council (GCC). After calibrating the model to Yemen and the GCC countries, several … Yemen and the GCC countries. In particular, we show that in some cases economic integration could increase GDP in Yemen by …

positive shock to the mineral resource value of a country. The model contains tradable, non-tradable, and mining sectors, as …