Table of Contents

1. Introduction Part 1: Monetary Policy Frameworks 2. Monetary Policy Strategies, Financial Institutions and Financial Markets in the Middle East and North Africa: An Overview 3. The Political Economy of Stabilisation in Post-War Lebanon 4. The Evolution of the Monetary Policy Framework in Egypt and the Elusive Goal of Price Stability 5. Monetary Policy and the Central Bank in Jordan 6. From Occupation to an Independent Monetary Policy: Achievements and Aspirations in Palestine 7. The Banking Sector and Macroeconomic Performance: The Case of Turkey Part 2: Monetary Policy Strategies 8. Monetary Policy Strategies and Exchange Rate Regimes on the Southern Shore of the Mediterranean – Developments and Prospects - Thierry Bracke, Michal Franta and Jan Stráský 9. Channels and Environments of Monetary Policy and Their Implications for its Conduct in GCC Countries 10. Assessing Inflation and Output Variability using a New Keynesian Model: An application to Egypt 11. Fiscal Dominance: An Obstacle to Inflation Targeting in Egypt 12. Understanding the Inflationary Process in the GCC Region: The Cases of Saudi Arabia and Kuwait

About the Author

Heriot-Watt University, UK Lebanese American University in Byblos, Lebanon