Currency Convertibility in the Middle East and North Africa

Currency Convertibility in the Middle East and North Africa PDF

Author: Mr.Saleh M. Nsouli

Publisher: International Monetary Fund

Published: 1996-11-05

Total Pages: 204

ISBN-13: 9781557755643

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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.

Money in the Middle East and North Africa

Money in the Middle East and North Africa PDF

Author: David Cobham

Publisher: Routledge

Published: 2010-12-07

Total Pages: 295

ISBN-13: 1136864164

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Building on the editors’ earlier book, Monetary Policy and Central Banking in the Middle East and North Africa, this book emphasises monetary policy strategies and frameworks. It fills an important gap providing multi-country and single-country studies on monetary policy in post-civil war Lebanon, Egypt, Jordan, the Palestinian Territory and Turkey.

Choosing Exchange Regimes in the Middle East and North Africa

Choosing Exchange Regimes in the Middle East and North Africa PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2003-09-05

Total Pages: 32

ISBN-13: 9781589062306

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This paper reviews the exchange regimes of five emerging market countries in the Middle East and North Africa region-Egypt, Jordan, Lebanon, Morocco, and Tunisia-and one oil-exporting country-Iran-to see whether they need to consider adopting more flexible arrangements as they further open their economies to trade and capital flows.

Monetary Issues in the Middle East and North Africa Region

Monetary Issues in the Middle East and North Africa Region PDF

Author: Mr.Simon T Gray

Publisher: International Monetary Fund

Published: 2013-05-15

Total Pages: 176

ISBN-13: 1475590563

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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.

The Euro and the Production Structure and Export Performance of Middle East and North African Countries

The Euro and the Production Structure and Export Performance of Middle East and North African Countries PDF

Author: Jean-François Ruhashyankiko

Publisher: International Monetary Fund

Published: 1999

Total Pages: 38

ISBN-13:

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It is often asserted that the volatility of European exchange rates affects countries with close economic ties to Europe (see for example, World Economic Outlook, October, 1997, p. 73), Middle East and North African (MENA) countries belong to this category, as nearly 40 percent of their exports are destined to the 11 countries in the euro zone. 2 The currency unification that took place with the introduction of the euro is bound to have a significant impact on Europe's trading partners.

The Economy of the Middle East and North Africa in 1997

The Economy of the Middle East and North Africa in 1997 PDF

Author: Ms.Susan Fennell

Publisher: International Monetary Fund

Published: 1997-11-11

Total Pages: 54

ISBN-13: 9781557757111

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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 PDF

Author: Mr.Simon Gray

Publisher: International Monetary Fund

Published: 2013-05-10

Total Pages: 176

ISBN-13: 1484349032

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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 PDF

Author: Mohamed Sami Ben Ali

Publisher: Springer

Published: 2016-01-26

Total Pages: 367

ISBN-13: 1137480661

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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 PDF

Author: Mr.Joannes Mongardini

Publisher: International Monetary Fund

Published: 1998-01-01

Total Pages: 42

ISBN-13: 1451842155

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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 PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1996-11-04

Total Pages: 84

ISBN-13: 9781557756251

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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.