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Money in the Middle East and North Africa: Monetary Policy Frameworks and Strategies
Contributor(s): Cobham, David (Editor), Dibeh, Ghassan (Editor)
ISBN: 0415587689     ISBN-13: 9780415587686
Publisher: Routledge
OUR PRICE:   $52.20  
Product Type: Hardcover - Other Formats
Published: December 2010
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks
Additional Information
BISAC Categories:
- Business & Economics | Economics - Macroeconomics
- Business & Economics | Finance - General
- Business & Economics | International - Economics
Dewey: 339.530
LCCN: 2010022667
Series: Routledge Political Economy of the Middle East and North Afr
Physical Information: 296 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

Monetary policy in the Middle East and North African (MENA) countries remains an understudied area; this book fills an important gap by examining monetary policy frameworks and monetary policy strategies in the region. Building on the editors' earlier book, Monetary Policy and Central Banking in the Middle East and North Africa, which focused on central bank independence issues and on exchange rate regimes, this book emphasises monetary policy strategies. Part I contains an overview of the financial markets and institutions which condition the choice of monetary policy strategy in the countries of the region, followed by single-country studies on aspects of the monetary policy frameworks of Lebanon, Egypt, Jordan, the Palestinian Territory and Turkey. Part II includes analyses of the prospects for inflation targeting in Egypt, Morocco and Tunisia, of the monetary transmission mechanism in the Gulf Cooperation Council countries, of the relative advantages of inflation targeting and exchange rate fixity with reference to Egypt, of the problem of fiscal dominance in Egypt, and of the inflationary implications of exchange rate fixity for Saudi Arabia and Kuwait. The contributors are experts from universities inside and outside the MENA region, from central banks in the region and from outside institutions such as the European Central Bank and the International Monetary Fund.