Money in the Middle East and North Africa

Money in the Middle East and North Africa

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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 editorsa€™ 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.He co-edited with Ghassan Dibeh Monetary Policy and Central Banking in the Middle East and North Africa, Routledge, ... Ghassan Dibeh holds a BA in Physics and a PhD in Economics from the University of Texas at Austin. ... His research has appeared in journals such as Physica A, Review of Political Economy, Energy Economics, Journal of International Development and Middle Eastern Studies.

Title:Money in the Middle East and North Africa
Author:David Cobham, Ghassan Dibeh
Publisher:Routledge - 2010-12-07


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