Currency Convertibility in the Middle East and North Africa

Currency Convertibility in the Middle East and North Africa
Author: Mr.Saleh M. Nsouli
Publisher: International Monetary Fund
Total Pages: 204
Release: 1996-11-05
Genre: Business & Economics
ISBN: 9781557755643

Currency convertibility is a far-reaching instrument to facilitate integration into the global economy. With it a country can gain the benefits of increased freedom in capital movements and of fostering trade and financial linkages worldwide. A seminar sponsored by the Arab Monetary Fund and the IMF, held in Marrakesh, Morocco, discussed the theoretical and empirical aspects of currency convertibility in the Arab countries. The volume, edited by Manuel Guitián and Saleh M. Nsouli, reproduces the papers presented at the seminar.

The Economy of the Middle East and North Africa in 1997

The Economy of the Middle East and North Africa in 1997
Author: Ms.Susan Fennell
Publisher: International Monetary Fund
Total Pages: 54
Release: 1997-11-11
Genre: Business & Economics
ISBN: 9781557757111

The economy of the Middle East and North Africa improved considerably in 1996, and remained favorable in 1997. This paper, by Mohamed A. El-Erian and Susan Fennell, presents an assessment of the recent experience of the MENA economies and examines prospects for 1998 and beyond.

Monetary Issues in the Middle East and North Africa Region

Monetary Issues in the Middle East and North Africa Region
Author: Mr.Simon Gray
Publisher: International Monetary Fund
Total Pages: 176
Release: 2013-05-10
Genre: Business & Economics
ISBN: 1484349032

This paper documents the main themes covered in two seminars (December 2011 and September 2012) on monetary policy and implementation at the IMF—Middle East Center for Economics and Finance, and includes country case studies. Against the backdrop of the global financial crisis and swings in cross-border capital flows, operational frameworks have become more flexible, and liquidity management has impacted the relationship between the policy rate corridor and market rates. The balance sheet structure of central banks in the Middle East and North Africa (MENA) shows differences between oil exporters and others, while a few countries have exhibited notable changes since early 2011. Collateral now has a significant financial stability function. Although only one MENA country is part of the G20, implementation of the Basel III bank capital adequacy and liquidity rules will most likely impact banks’ way of doing business in MENA countries, even if indirectly.

Economic Development in the Middle East and North Africa

Economic Development in the Middle East and North Africa
Author: Mohamed Sami Ben Ali
Publisher: Springer
Total Pages: 367
Release: 2016-01-26
Genre: Business & Economics
ISBN: 1137480661

Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders in the region.

Estimating Egypt’s Equilibrium Real Exchange Rate

Estimating Egypt’s Equilibrium Real Exchange Rate
Author: Mr.Joannes Mongardini
Publisher: International Monetary Fund
Total Pages: 42
Release: 1998-01-01
Genre: Business & Economics
ISBN: 1451842155

In light of the real appreciation of the Egyptian pound over the last six years and Egypt’s lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt’s equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment.

Building on Progress

Building on Progress
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 84
Release: 1996-11-04
Genre: Business & Economics
ISBN: 9781557756251

Countries in the Middle East and North Africa region have unprecedented opportunities for transforming their economies through accelerated economic growth, but the countries themselves must ensure the necessary conditions. This study, by the Middle Eastern Department, focuses on four areas that are fundamental to growth-enhancing structural changes: improving the region's investment performance, fiscal reform, financial sector reform, and trade liberalization.

IEO Evaluation Report on the IMF's Approach to Capital Account Liberalization 2005

IEO Evaluation Report on the IMF's Approach to Capital Account Liberalization 2005
Author: International Monetary Fund. Independent Evaluation Office
Publisher: International Monetary Fund
Total Pages: 114
Release: 2005-08-09
Genre: Business & Economics
ISBN: 1589064151

Drawing on evidence from a sample of emerging market economies over the period 1990-2004, this evaluation report reviews the IMF’s approach to capital account liberalization and related issues. The evaluation seeks to contribute to transparency by documenting what in practice has been the IMF's approach to these issues and to identify areas where the IMF’s instruments and operating methods might be improved, in order to deal with these issues more effectively.

The Routledge Handbook to the Middle East and North African State and States System

The Routledge Handbook to the Middle East and North African State and States System
Author: Raymond Hinnebusch
Publisher: Routledge
Total Pages: 895
Release: 2019-11-08
Genre: History
ISBN: 1000710874

Conflict and instability are built into the very fabric of the Middle East and North African (MENA) state and states system; yet both states and states system have displayed remarkable resilience. How can we explain this? This handbook explores the main debates, theoretical approaches and accumulated empirical research by prominent scholars in the field, providing an essential context for scholars pursuing research on the MENA state and states system. Contributions are grouped into four key themes: • Historical contexts, state-building and politics in MENA • State actors, societal context and popular activism • Trans-state politics: the political economy and identity contexts • The international politics of MENA The 26 chapters examine the evolution of the state and states system, before and after independence, and take the 2011 Arab uprisings as a pivotal moment that intensified trends already embedded in the system, exposing the deep features of state and system—specifically their built-in vulnerability and their ability to survive. This handbook provides comprehensive coverage of the history and role of the state in the MENA region. It offers a key resource for all researchers and students interested in international relations and the Middle East and North Africa.

The Currency of Power

The Currency of Power
Author: A. Broome
Publisher: Springer
Total Pages: 234
Release: 2010-03-10
Genre: Political Science
ISBN: 0230278051

This book examines how the International Monetary Fund engages in the politics of ideas to shape domestic institutional change. Drawing on case studies from post-Soviet Central Asia, André Broome explains that how governments interpret their policy options mediates the IMF's influence over economic reform during periods of crisis and uncertainty.