Money in the Middle East and North Africa

Abstract

List of tables List of figures Notes on contributors Preface 1. Introduction - David Cobham and Ghassan Dibeh Part I: Monetary policy frameworks 2. Monetary policy strategies, financial institutions and financial markets in the Middle East and North Africa: an overview - David Cobham 3. The political economy of stabilisation in post-war Lebanon - Ghassan Dibeh 4. The evolution of the monetary policy framework in Egypt and the elusive goal of price stability - Hoda Selim 5. Monetary policy and the central bank in Jordan - Samar Maziad 6. From occupation to an independent monetary policy: achievements and aspirations in Palestine - Jihad K. Wazir, Mohammad Atallah and Shaker A. Sarsour 7. The banking sector and macroeconomic performance: the case of Turkey - Berksoy Bilgin and Gulcin Ozkan Part II: Monetary policy strategies 8. Monetary policy strategies and exchange rate regimes on the southern shore of the Mediterranean - developments and prospects - Thierry Bracke, Michal Franta and Jan Strasky 9. Channels and environments of monetary policy and their implications for its conduct in GCC countries - Wassim Shahin 10. Assessing inflation and output variability using a New Keynesian model: an application to Egypt - Rania Al-Mashat 11. Fiscal dominance: an obstacle to inflation targeting in Egypt - Hoda Abdel Ghaffar Youssef 12. Understanding the inflationary process in the GCC region: the cases of Saudi Arabia and Kuwait - Maher Hasan and Hesham Alogeel