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Currency convertibility is a far-reaching instrument to facilitate integration into the global economy. With it a country can gain the benefits of increased freedom in capital movements and of fostering trade and financial linkages worldwide. A seminar sponsored by the Arab Monetary Fund and the IMF, held in Marrakesh, Morocco, discussed the theoretical and empirical aspects of currency convertibility in the Arab countries. The volume, edited by Manuel Guitián and Saleh M. Nsouli, reproduces the papers presented at the seminar.

Currency convertibility --- Monetary policy --- 333.111.40 --- 333.420.2 --- AA / International- internationaal --- AFR / Africa - Afrika - Afrique --- ARB / Arab Countries --- ASI / Asia - Azië - Asie --- 339.74 <5-011> --- 339.74 <6-17> --- 339.74 <6-17> Monetaire buitenlandse politiek. Deviezenpolitiek--?<6-17> --- Monetaire buitenlandse politiek. Deviezenpolitiek--?<6-17> --- 339.74 <5-011> Monetaire buitenlandse politiek. Deviezenpolitiek--Nabije-Oosten. Midden-Oosten --- Monetaire buitenlandse politiek. Deviezenpolitiek--Nabije-Oosten. Midden-Oosten --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Convertibility of currency --- Foreign exchange --- Congresses --- Gelduitgifte en gelddekking: algemeen --- Inwisselbaarheid in vreemde valuta's --- International finance --- Banks and Banking --- Exports and Imports --- Finance: General --- Foreign Exchange --- Money and Monetary Policy --- Macroeconomics --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Current Account Adjustment --- Short-term Capital Movements --- International Investment --- Long-term Capital Movements --- International Financial Markets --- Currency --- International economics --- Monetary economics --- Finance --- Banking --- Exchange restrictions --- Exchange rates --- Exchange rate arrangements --- Current account --- Balance of payments --- Foreign exchange market --- Capital movements --- Money --- Morocco