Monetary Policies, Banking Systems, Regulatory Convergence, Efficiency and Growth in the Mediterranean [electronic resource] /
Ayadi, R.author.
Mouley, S.author.
Monetary Policy, central banking, and international norms and regulations; a discussion far from new, nor applying exclusively to the world's most advanced economies. A sound monetary policy and a well-enforced regulatory regime is provided, in explanation of developing nations to channel financial resources more efficiently into investments.
Description based upon print version of record.
Cover; Title; Copyright; Contents; List of Tables; List of Figures; Acknowledgments; Introduction; 1 Monetary Policy and Central Banking Independence; 1.1 Operational frameworks of monetary policies conduct; 1.2 Determinants of inflation and transmission channels of monetary policies; 1.2.1 Selection of indicators and econometric methodology; 1.2.2 Construction of variables and series used; 1.2.3  The transmission channels of monetary policy; 1.3 The response functions of central banks; 1.3.1 From simple functions to augmented functions; 1.3.2 Empirical applications
1.3.3 Monetary policy in an exchange control scenario1.3.4 Monetary policy in a capital account liberalisation scenario; 1.4 Inflation targeting in Mediterranean countries; 1.4.1 Theoretical reference; 1.4.2 Prerequisites for inflation targeting: compared scenarios and progress in Mediterranean countries; 1.4.3 What perspectives in the aftermath of the international economic and financial crisis?; 1.5 Institutional constraints and independence of central banks; 1.5.1 Determinist framework; 1.5.2 The indices of independence of central banks
1.5.3 Stochastic context: flexibility versus credibility2 Overview of the National Banking Systems and Reforms; 2.1 Banking and capital market development; 2.2 Financial reforms and evolution of institutions; 2.3 Investigation into financial systems of Algeria, Egypt, Morocco and Tunisia; 2.3.1 Algeria; 2.3.2 Egypt; 2.3.3 Morocco; 2.3.4 Tunisia; 2.4 Conclusions; 3 Convergence of Banking Sectors Regulations; 3.1 Methodology; 3.2 Composite indices; 3.2.1 Area I: Scope restrictions; 3.2.2 Area II: Entry obstacles; 3.2.3 Area III: Capital requirement stringency
3.2.4 Area IV: Supervisory authority3.2.5 Area V: Deposit insurance; 3.2.6 Area VI: Private monitoring; 3.2.7 Area VII: Credit information and laws; 3.3 Conclusions; 4 Analysis of Banking Efficiency and Convergence; 4.1 Literature review; 4.2 Methodology; 4.2.1 Data envelopment analysis; 4.2.2 Meta-frontier analysis; 4.2.3 Modelling convergence; 4.3 Descriptive statistics; 4.3.1 Input and output variables; 4.4 Results; 4.4.1 Efficiency results; 4.4.2 Convergence results; 4.5 Conclusions; 5 Impact of Monetary Policy and Bank Regulations on Efficiency; 5.1 Literature review
5.2 Methodology and data5.2.1 Bank-specific variables; 5.2.2 Country-specific variables; 5.2.3 Regulatory variables; 5.2.4 Data sources; 5.3 Empirical results; 5.4 Conclusions; 6 Impact of Bank Regulations on Growth; 6.1 Literature review; 6.2 Methodology and data; 6.3 Results; 6.4 Conclusions; 7 Conclusions; Notes; References; Annex 1 The Autoregressive Moving Average Model (ARMA); Annex 2  Construction of the Capital Account Liberalisation Indicator; Annex 3  Flexibility - Cons - Credibility: Solution via a Contract with a Punitive Dismissal Threat
Annex 4 Optimal Contract with Linear Reward on Inflation
Includes bibliographical references and index.
Monetary Policy, central banking, and international norms and regulations; a discussion far from new, nor applying exclusively to the world's most advanced economies. A sound monetary policy and a well-enforced regulatory regime is provided, in explanation of developing nations to channel financial resources more efficiently into investments.
Business enterprises-Finance.
Risk management.
Accounting.
Finance.
Investment banking.
Securities.
Banks and banking.
Business Finance.
Risk Management.
Accounting/Auditing.
Finance, general.
Investments and Securities.
Banking.