ahmad Ahmad Research   45 Burder Street Loughborough Loughborough, Leics LE11 1JH United Kingdom   aahmadh@gmail.com     Biographical Sketch: I have B Sc in Economics, MSc in Economic and Finance and currently a Phd student at the Loughborough University, UK.   Primary Research Focus: Open Macroeconomics, Exchange Rates and Development Economics   JEL Areas: E0 : Macroeconomics and Monetary Economics: General C1 : Econometric and Statistical Methods: General