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Money and finance in the Middle East : missed opportunities or future prospects? / edited by Simon Neaime [and] Nora Ann Colton.

Contributor(s): Material type: TextTextSeries: Research in Middle East economics ; v. 6.Publication details: Amsterdam ; Boston : Elsevier JAI, 2005.Edition: 1st edDescription: 1 online resource (xviii, 249 pages) : chartsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 0762312165
  • 9780762312160
  • 0080460909
  • 9780080460901
  • 9786610629756
  • 6610629757
Subject(s): Genre/Form: Additional physical formats: Print version:: Money and finance in the Middle East.DDC classification:
  • 332.0956 22
LOC classification:
  • HC415.15 .M66 2005eb
Online resources:
Contents:
Portfolio diversification and financial integration of MENA stock markets -- Foreign direct investment in Tunisia : role of the Free Trade Agreement with European Union -- Determinants of Private Savings in the Middle East and North Africa -- Profitability and Risk Management in Banking : a comparative analysis of Egypt and Lebanon -- An analysis of mergers and acquisitions in the Turkish banking sector -- Hysteresis in currency substitution : the Middle East and North Africa -- Choosing an appropriate Palestinian monetary regime -- Dollarization and its long-run determinants in Turkey -- Fiscal monetary and exchange rate policies in a small open economy.
Summary: "This volume contains three main themes. The first theme relates to financial developments in the MENA region, emphasizing the role of stock markets and portfolio flows, foreign direct investments and private and public savings in the growth and development experience of the region. We see echoed throughout the first few chapters the notion that financial liberalization has many benefits as well as risks not only for the countries involved, but for international investors as well. For the countries of this region, we see the promise of enhanced growth and development through more developed financial markets that can facilitate the important relationship between investors and savers. For the international investor, we see a region that is posed to offer returns that are strongly correlated to risk. In the developing economies of the MENA region commercial banks have played a prominent role in economic growth since capital markets are still underdeveloped and still lack the appropriate mechanisms to channel effectively and efficiently funds from surplus units to deficit units. The next theme of the volume relates to the role commercial banks have played in channeling funds from savings to investments, and their role in the financing for development experience of some MENA economies. Finally, and on a broader level, the conduct of monetary policy in some MENA countries is highlighted with some emphasis on exchange rate policies and the use of some exchange rate regimes and their impact on the economies of the region."--Jacket.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

Title from PDF title page (viewed Apr. 28, 2009).

Includes statistical tables.

Includes bibliographical references and index.

Portfolio diversification and financial integration of MENA stock markets -- Foreign direct investment in Tunisia : role of the Free Trade Agreement with European Union -- Determinants of Private Savings in the Middle East and North Africa -- Profitability and Risk Management in Banking : a comparative analysis of Egypt and Lebanon -- An analysis of mergers and acquisitions in the Turkish banking sector -- Hysteresis in currency substitution : the Middle East and North Africa -- Choosing an appropriate Palestinian monetary regime -- Dollarization and its long-run determinants in Turkey -- Fiscal monetary and exchange rate policies in a small open economy.

"This volume contains three main themes. The first theme relates to financial developments in the MENA region, emphasizing the role of stock markets and portfolio flows, foreign direct investments and private and public savings in the growth and development experience of the region. We see echoed throughout the first few chapters the notion that financial liberalization has many benefits as well as risks not only for the countries involved, but for international investors as well. For the countries of this region, we see the promise of enhanced growth and development through more developed financial markets that can facilitate the important relationship between investors and savers. For the international investor, we see a region that is posed to offer returns that are strongly correlated to risk. In the developing economies of the MENA region commercial banks have played a prominent role in economic growth since capital markets are still underdeveloped and still lack the appropriate mechanisms to channel effectively and efficiently funds from surplus units to deficit units. The next theme of the volume relates to the role commercial banks have played in channeling funds from savings to investments, and their role in the financing for development experience of some MENA economies. Finally, and on a broader level, the conduct of monetary policy in some MENA countries is highlighted with some emphasis on exchange rate policies and the use of some exchange rate regimes and their impact on the economies of the region."--Jacket.

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