Get Monetary Policy and Central Banking in the Middle East and PDF

By David Cobham, Ghassan Dibeh

ISBN-10: 0203884558

ISBN-13: 9780203884553

ISBN-10: 0415476437

ISBN-13: 9780415476430

This booklet examines financial coverage, crucial banking and trade fee regimes within the center East and North Africa. half I covers significant banking and fiscal coverage, whereas half II covers financial coverage and alternate price regimes. a few chapters concentrate on the financial frameworks of specific nations, together with Lebanon, Algeria, Syria, Tunisia, Morocco, and Turkey, outlining the various structures operated in every one case, contemplating their successes and screw ups, and discussing very important concerns comparable to executive coverage, macroeconomic functionality, inflation and inflation focusing on, crucial financial institution independence and the influence of broader political financial advancements at the behavior of economic coverage. different chapters hide thematic matters around the complete zone, together with: vital financial institution independence, operations of debtor critical banks, the impact of trade premiums on inflation, and the influence on nations’ alternate of other trade expense regimes. Drawing at the insights of students and policy-makers, this ebook is a crucial source for somebody desirous to comprehend the economies of the center East and North Africa.

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Additional info for Monetary Policy and Central Banking in the Middle East and North Africa (Routledge Political Economy of the Middle East and North Africa)

Sample text

According to the figure, the new EU member States, Cyprus and Malta, rank among the first places. Tunisia also seems to have a very independent law, while the case of Algeria is an anomaly that derives from the use of the methodology, as explained in the following paragraph. Morocco ranks in the last position, which explains why it is in the process of modifying its central bank law to make the Bank Al-Maghrib more independent. As for the second worst result, Jordan, this is due mainly to the strong governmental involvement in the appointment and dismissal of the governor and members of the Board.

References Akel, M. (1985) ‘The Laissez Faire Economy and its Effect on Absolute and Relative Impoverishment in Lebanon’. At-Tarik, 4 September, pp. 81–98 (in Arabic). Alesina, A. (1995) Comment, in B. Bernanke and J. Rotemberg (eds), National Bureau of Economic Research Macroeconomics Annual 1995, pp. 287–95. Cambridge, Massachusetts: MIT Press. Alesina, A. and Gatti, R. (1995) ‘Independent Central Banks: Low Inflation at no Cost’. American Economic Review, 85: 196–200. Asseily, A. (1967) Central Banking in Lebanon.

Boyer, R. (1990a) ‘Formalising Growth Regimes’ in G. ), Technical Change and Economic Theory. New York: Pinter. 24 G. Dibeh Boyer, R. (1990b) ‘Technical Change and the Theory of Regulation’ in G. ), Technical Change and Economic Theory. New York: Pinter. Chaib, A. (1981) ‘Economic and Other Determinants of Exports and Export Structure: A Cross-Section Analysis of Lebanese Data’. Banque du Liban, Bulletin Trimestriel, No. 11: 14–19. Cukierman, A. (1992) Central Bank Strategy, Credibility, and Independence: Theory and Evidence.

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Monetary Policy and Central Banking in the Middle East and North Africa (Routledge Political Economy of the Middle East and North Africa) by David Cobham, Ghassan Dibeh


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