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Inflation followed a strikingly uniform pattern in all countries of the Middle East, North Africa, and Central Asia … variables are included. The pattern of inflation is explained mainly by past inflation, the strength of the US dollar, US … inflation, and—depending on the subset of countries analyzed—monetary and exchange rate policies and nonfuel commodity prices …
Persistent link: https://www.econbiz.de/10014402865
discusses key policy challenges. In addition, it takes a closer look at both regional topics--such as the rise in inflation in … ance -- 4 The Rise in Inflation in the GCC Countries -- 5 Algeria's Experience with Managing Hydrocarbon Wealth -- 6 Oil … Growth in Emerging Markets -- 5a Consumer Price Inflation: Country Aggregates -- 5b Consumer Price Inflation: Individual …
Persistent link: https://www.econbiz.de/10012673978
Strong economic performance across the Middle East and Central Asia is examined against the background of high prices for energy and other commodities. Common economic trends are presented, while prospects and policies are reviewed for the coming year in light of the global economic environment....
Persistent link: https://www.econbiz.de/10012673983
The Middle East and Central Asia is undergoing a remarkable transformation driven by rapid GDP growth and high oil and non-oil commodity prices. The report presents common economic trends and reviews prospects and policies for the coming year in light of the global economic environment. This...
Persistent link: https://www.econbiz.de/10012673986
The outlook for the Middle East and North Africa region is mixed. Oil-importing countries are witnessing tepid growth, and the moderate recovery expected in 2013 is subject to heightened downside risks. For the Arab countries in transition, ongoing political transitions also weigh on growth....
Persistent link: https://www.econbiz.de/10012676662
Historic transitions in the Arab Spring countries are coming under increasing strain frommacroeconomic pressures and unmet social demands. Domestic uncertainty over the countries' future course, compounded by the global slowdown and rising oil prices, took a toll on growth during 2011. The...
Persistent link: https://www.econbiz.de/10014410418
This paper reviews the exchange regimes of five emerging market countries in the Middle East and North Africa region-Egypt, Jordan, Lebanon, Morocco, and Tunisia-and one oil-exporting country-Iran-to see whether they need to consider adopting more flexible arrangements as they further open their...
Persistent link: https://www.econbiz.de/10014397599
Based on data collected on a wide range of financial sector indicators, new indices of financial development for countries in the Middle East and North Africa (MENA) are constructed, encompassing six themes: development of the monetary sector and monetary policy, banking sector development,...
Persistent link: https://www.econbiz.de/10014399612
This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than developed countries. The empirical results support...
Persistent link: https://www.econbiz.de/10014401431
Countries in the Middle East and North Africa region have unprecedented opportunities for transforming their economies through accelerated economic growth, but the countries themselves must ensure the necessary conditions. This study, by the Middle Eastern Department, focuses on four areas that...
Persistent link: https://www.econbiz.de/10014402082