Monetary policy and central banking in the Middle East and North Africa

1. Introduction/ David Cobham and Ghassan Dibeh --- Part I: Central banking and monetary policy. 2. The political economy of central banking in the MENA region with special reference to Lebanon / Ghassan Dibeh -- 3. The degree of legal central bank independence in MENA countries: international comparison and macroeconomic implications / Enrico Gisolo -- 4. Monetary policy operations of debtor central banks in MENA countries / Gunther Schnabl and Franziska Schober -- 5. Central bank independence in a MENA transition economy: the experience of Algeria / Abdallah Zouache and Mohamed-Cherif Ilmane -- 6. Inflation targeting and financial fragility in Tunisia / Adel Boughrara, Mongi Boughzala and Hassouna Moussa --- Part II: Monetary policy and exchange rate regimes. 7. Alternative exchange rate regimes for MENA countries: gravity model estimates of the trade effects / Christopher Adam and David Cobham -- 8. Exchange rate arrangements and price stability in MENA countries / Elias El-Achkar and Wassim Shahin -- 9. Exchange rate regimes for small countries: an application to the Maghreb countries / Chrysost Bangake, Jean-Baptiste Desquilbet and Nabil Jedlane -- 10. Estimating central bank behaviour in emerging markets: the case of Turkey / Ozan Hatipoglu and C. Emre Alper -- 11. A common currency for Middle Eastern and North African countries? Lessons from the European Monetary Union / Sergio Rossi.xii, 251 p.Includes bibliographical references and index