Monetary Policy and Central Banking in the Middle East and North Africa
Title: Monetary Policy and Central Banking in the Middle East and North Africa
Citation: Abingdon/Oxon/New York, Routledge, 2009, Routledge Series on Political Economy of the Middle East and North Africa
This edited volume is the product of workshop 4, 'Monetary Policy and Central Banking in the Middle East and North Africa: Policies, Politics and Prospects', of the 8th Mediterranean Research Meeting of the Robert Schuman Centre for Advanced Studies, 21-25 March 2007.
Table of Contents:
List of illustrations vii Notes on contributors x Preface xiii Introduction 1 (6) David Cobham Ghassan Dibeh PART I Central banking and monetary policy 7 (124) The political economy of central banking in the MENA region with special reference to Lebanon 9 (57) Ghassan Dibeh The degree of legal central bank independence in MENA countries International comparisons and macroeconomic implications 27 (39) Enrico Gisolo Monetary policy operations of debtor central banks in MENA countries 66 (40) Gunther Schnabl Franziska Schobert Central bank independence in a MENA transition economy The experience of Algeria 85 (21) Abdallah Zouache Mohamed-Cherif Ilmane Inflation targeting and financial fragility in Tunisia 106 (25) Adel Boughrara Mongi Boughzala Hassouna Moussa PART II Monetary policy and exchange rate regimes 131 (115) Alternative exchange rate regimes for MENA countries Gravity model estimates of the trade effects 133 (35) Christopher Adam David Cobham Exchange rate arrangements and price stability in MENA countries 168 (18) Elias El-Achkar Wassim Shahin Exchange rate regimes for small countries An application to the Maghreb countries 186 (24)