Since the early 1990s some industrialized economies have implemented a monetary policy regime shift known as inflation targeting. This shift was justified by the difficulties posed by targeting the nominal exchange rate, or in some instances money supply. Given the very encouraging experience of...

It is known that Hepatitis A is not a dangerous virus if individuals are infected by in early age, while it may be of high risk if individuals are infected after that, specially when there is a positive improvement in the hygiene around, that to say as hygiene gets more clean and health the...

This paper is an empirical study that seeks to determine whether any of the Middle East and North Africa (MENA) stock markets were vulnerable to financial contagion in the wake of the 2001 Turkish crisis. In line with Ayadi et al. (2006), we use a new procedure which consists of testing the...

This study evaluates the impact of trade liberalization and reductions in trade barriers on gender wage inequality in Egypt by using recent Egypt Labor Market Panel Survey data (ELMPS 06) and comparing two years representing an early stage (1998) and an advanced stage in trade liberalization...

Le débat autour de la question de gouvernance des entreprise s’est acharné ces dernières années avec la multiplication des scandales financiers et les déroutes qu’ont connues certaines firmes par rapport aux règles de bonne conduite. Notre papier cherche, à travers une analyse du cas...

This paper attempts to assess the degree by which Iranian households have responded to the change in price of imported rice resulting from the exchange-rate unification. In addition, it attempts to examine to which extent the policy has affected the economic welfare of various household income...

When the Bretton-Woods system collapsed in the mid 1970s, almost all countries were pursuing one form of a pegged regime or another. Increasing trade and financial integration forced many countries to move to more flexible regimes. Some countries exited without experiencing major disruption to...

This paper investigates the contribution of FDI to firms' technical efficiency by applying two empirical methodologies over the same sample of firms. Using a panel data for 674 firms belonging to the Tunisian manufacturing sector and observed over the period 1997-2001, we show statistically and...

Using a structural cointegrated VAR, this study examines the impacts of external shocks originating from the dollar, euro and yen zones as well as the regional shocks on the oil-rich countries of the Gulf Cooperation Council (GCC), viewed as a prospective monetary union. It focuses on the...

In 1991, the Central Bank of Egypt increased the minimum capital requirements for the banking industry vis-à-vis risk-weighted assets to 8 percent, along the lines proposed by the Basel Committee on Banking Supervision. In this paper, we investigate the effects of capital regulations on cost of...