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008 101115s2005 enk o 000 0 eng d
020 _a9781849503471 (electronic bk.) :
_c£70.95 ; €99.95 ; $117.95
040 _aUtOrBLW
_cUtOrBLW
043 _aaw-----
050 4 _aHC415.15
_b.M66 2005
072 7 _aKCM
_2bicssc
072 7 _aKFF
_2bicssc
072 7 _aBUS035000
_2bisacsh
072 7 _aHIS026000
_2bisacsh
080 _a330
082 0 4 _a338.95
_222
245 0 0 _aMoney and finance in the Middle East
_h[electronic resource] :
_bmissed oportunities or future prospects? /
_cedited by Simon Neaime, Nora Ann Colton.
260 _aBingley, U.K. :
_bEmerald,
_c2005.
300 _a1 online resource (xviii, 249 p.).
490 1 _aResearch in Middle East economics,
_x1094-5334 ;
_vv. 6
505 0 _aIntroduction / 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. Ünal 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 Özcan, Yusuf Ziya Özcan.
520 _aThis 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 region.
650 7 _aBusiness & Economics
_xInternational
_xGeneral.
_2bisacsh
650 7 _aHistory
_xMiddle East
_xGeneral.
_2bisacsh
650 7 _aDevelopment economics.
_2bicssc
650 7 _aFinance.
_2bicssc
651 0 _aMiddle East
_xEconomic conditions.
651 0 _aMiddle East
_xFinance.
700 1 _aNeaime, Simon,
_d1965-
700 1 _aColton, Nora Ann.
776 1 _z9780762312160
830 0 _aResearch in Middle East economics ;
_vv. 6.
856 4 0 _uhttp://www.emeraldinsight.com/1094-5334/6
913 _1BMEbacklist
999 _c1120
_d1120