Preface / Horst Köhler -- Acknowledgments -- Economic challenges in the Middle East and North Africa--an overview / Zubair Iqbal -- pt. 1. Selected macroeconomic and financial issues. Demographic transition in the Middle East: implications for growth, employment, and housing / Pierre Dhonte, Rina Bhattacharya, and Tarik Yousef -- Determinants of inflation in the Islamic Republic of Iran--a macroeconomic analysis / Olin Liu and Olumuyiwa S. Adedeji -- Financial liberalization in Arab countries / Karim Nashashibi, Mohamad Elhage, and Annalisa Fedelino -- Monetary operations and government debt management under Islamic banking / V. Sundararajan, David Marston, and Ghiath Shabsigh -- Addendum: Recent developments in Islamic banking / Ghiath Shabsigh -- Fiscal sustainability with nonrenewable resources / Nigel Chalk -- pt. 2. External policies. External stability under alternative nominal exchange rate anchors: an application to the Gulf Cooperation Council countries / S. Nuri Erbaș, Zubair Iqbal, and Chera L. Sayers -- Real exchange rate behavior and economic growth in the Arab Republic of Egypt, Jordan, Morocco, and Tunisia / Ilker Domac̦ and Ghiath Shabsigh -- Exchange rate unification, the equilibrium real exchange rate, and the choice of exchange rate regime: the case of the Islamic Republic of Iran / V. Sundararajan, Michel Lazare, and Sherwyn E. Williams -- Addendum: Exchange system reforms in the Islamic Republic of Iran: a note on past and current experiences / Ghiath Shabsigh -- Export performance and competitiveness in Arab countries / Karim Nashashibi, Ward Brown, and Annalisa Fedelino -- The impact of European Union Association agreements on Mediterranean countries / Henri Ghesquiere -- Addendum: Implementation of the European Union Association agreements / Daniel Hardy, Nicole Laframboise, and Edouard Martin -- Estimating trade protection in Middle Eastern and North African countries / Maria-Angels Oliva.
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This book brings together recent research bt IMF staff on how the region's countries are grappling with these challenges. It rigorously analyzes policy alternatives for a range of relevant topics-including the implications of changing demographic trends for growth and unemployment, determinants of inflation, financial-sector reform and Islamic banking, fiscal sustainability in oil-dependent economies, exchange rate and trade arrangements, and impediments to foreign direct investment. The book's overall theme is that self-sustaining and faster growth can be achieved through compehensive structural reforms and closer collaboration between the region's policymakers and the international community.
Macroeconomic issues and policies in the Middle East and North Africa.
1589060415
BUSINESS & ECONOMICS-- Economics-- Macroeconomics.