Money and finance in the Middle East : missed oportunities or future prospects? / edited by Simon Neaime, Nora Ann Colton

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Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Emerald insight | Research in Middle East economics ; Volume 6Publisher: Bingley, U.K : Emerald, 2005Description: Online-RessourceISBN:

9781849503471

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Additional physical formats: 9780762312160 | Erscheint auch als: 9780762312160 Druck-AusgabeDOI: DOI: 10.1016/S1094-5334(2005)6Online resources:

Additional physical formats: Online-Ausg.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 channelling 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 regionSummary: Introduction / Simon Neaime, Nora Ann Colton -- Profitability and risk management in banking : a comparative analysis of Egypt and Lebanon / Sam Hakim, Simon Neaime -- An analysis of mergers and acquisitions in the turkish banking sector / Ayse Mumcu, E. (c)·Unal Zenginobuz -- Hysteresis in currency substitution : the Middle East and North Africa / Wassim N. Shahin, Fadi G. Freiha -- Choosing an appropriate Palestinian monetary regime / Moyara Ruehsen -- Dollarization and its long-run determinants in Turkey / Irfan Civcir -- Foreign direct investment in Tunisia : role of the free trade agreement with European Union / Mohamed Abdelbasset Chemingui, Nora Ann Colton -- Fiscal monetary and exchange rate policies in a small open economy / Simon Neaime -- Portfolio diversification and financial integration of MENA stock markets / Simon Neaime -- Institutional investors, contractual savings and capital market development in Egypt, Jordan, Morocco, and Tunisia / Wafik Grais, Dimitri Vittas -- Financial liberalization, savings, investment, and growth in MENA countries / Lahcen Achy -- Determinants of private savings in the Middle East and North Africa / Kivilcim Metin (c)·Ozcan, Yusuf Ziya (c)·Ozcan. - 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 channelling 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 regionPPN: PPN: 661528359Package identifier: Produktsigel: ZDB-1-EPB | ZDB-55-BME | ZDB-1-BMEN

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