Download or read book Foreign Exchange Liberalization and It s Impact on Economic Growth and Stability of the Egyptian Economy written by Taha Hussain Al-Sabea and published by . This book was released on 1992 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stabilization and Adjustment in Egypt written by Gouda Abdel-Khalek and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the impact of Egypt's Economic Reform and Structural Adjustment Programme (ERSAP), the effects of which have been of great interest to the international community. Organizations such as the World Bank and the IMF uphold the programme as a success story and example for other countries to follow. ERSAP also has its critics, however, who resent its tendency to downsize government and fear possible negative effects on growth and development. The author discusses these concerns along with those regarding the possible negative social effects of ERSAP.

Download or read book Estimating Egypt s Equilibrium Real Exchange Rate written by Mr.Joannes Mongardini and published by International Monetary Fund. This book was released on 1998-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the real appreciation of the Egyptian pound over the last six years and Egypt’s lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt’s equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment.

Download or read book The Egyptian Economy written by Hanaa Kheir-El-Din and published by American University in Cairo Press. This book was released on 2008-02-01 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Egyptian economy has undergone several reforms since the early 1990s. However, it was not until recently that the reform process picked up speed and intensity. Key initiatives included shifting to a flexible exchange rate regime, liberalizing trade, revising and reducing the tariff structure, and improving the income tax system. Plans are underway to restructure the financial sector and privatize most state-owned enterprises. This volume aims to evaluate the impact of recent reform policies and highlight priority areas for further reform at the macroeconomic and institutional levels. Topics addressed include growth, distribution, and poverty reduction; monetary policy and the impact of exchange rate liberalization; unemployment and job creation; and the new pension system. The objective is to contribute to ongoing efforts to stimulate growth and employment, ensure fiscal sustainability, improve the external sector, and address issues related to poverty and income distribution. The volume focuses on the health and energy sectors in Egypt, with the aim of assessing each sector in three areas: financing, organization, and policy management, in order to suggest ideas for reform in light of international experience. Contributors: Ragui Assaad, Omneia Helmy, Abdallah Shehata Khattab, Hanaa Kheir-El-Din, Aart Kraay, Heba El-Laithy, Nihal El-Megharbel, Mai El Mossallamy, Tarek Abdelfattah Moursi, Sarah El Nashar, Tarek Selim, Enas Zakareya.

Download or read book The Liberalization of Foreign Exchange Markets and Economic Growth in Sub Saharan Africa written by Nguyuru Haruna Ibrahim Lipumba and published by . This book was released on 1997 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Liberalization of Foreign Exchange Markets & Economic Growth in Sub-Saharan Africa offers an historical rationale for intervention in foreign exchange markets to promote long-term development. It also reviews exchange rate theory & balance of payments management & their application to African countries. The publication is part of the Research for Action series which discusses policy-oriented research on the main strategic issues of development & international cooperation, as well as on the interaction between domestic & global changes.

Download or read book What Drives Prices in Egypt written by and published by Oxford University Press. This book was released on 2009 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.

Download or read book The Egyptian Stabilization Experience written by Mr.Arvind Subramanian and published by International Monetary Fund. This book was released on 1997-09-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the successful Egyptian stabilization experience during the 1990s, focusing on its distinctive features and contrasting them with the recent experiences of other developing countries. The key policy elements were a large fiscal adjustment, use of an exchange rate anchor that has endured for over six years, supported by prudent monetary policies, and early moves to liberalize interest and exchange markets. The outcomes included the avoidance of an output collapse despite the magnitude of fiscal adjustment; avoidance of stresses on the financial system; reversal of endemic dollarization; financial deepening at the expense of the banking system; and maintenance of external viability despite a lackluster export performance.

Download or read book Financial Liberalization Currency Substitution and Investment written by M. Nureldin Hussain and published by . This book was released on 1996 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstracts in English and French.

Download or read book The Liberalization of the Egyptian Economy written by Paul Rivlin and published by . This book was released on 1981 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book economic liberalization in egypt written by and published by . This book was released on 1987 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Policy Reform in Egypt written by Iliya F. Harik and published by . This book was released on 1997 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Provides a new perspective on public policy in postrevolutionary Egypt, breaking theoretical ground in the development debate. . . . Students and scholars in the fields of Middle East studies and development studies will find this work seminal."--Tareq Y. Ismael, University of Calgary Focusing on six areas of economic policy reform in Egypt--industry, agriculture, subsidies, foreign exchange, education, and housing--Iliya Harik outlines the development strategy of a country that once led the nonaligned nations of the Third World and explains its slow transition from an authoritarian to a more open and competitive system. Harik observes that Egypt's poor economic performance under Nasser, Sadat, and Mubarak has resulted from a development strategy emphasizing balance over growth. While some analysts have claimed that Egypt's economy has suffered under a heavy welfare burden, Harik shows to the contrary that the bulk of spending has gone to support a form of economic nationalism aimed at controlled self-sufficiency--an economic strategy that has ultimately proved detrimental both to growth and to social welfare. Beyond his analysis of Egypt's economic model, with its bias for slow growth and high cost, Harik shows how unrealistic policies have engendered a culture that is not civic-minded and explains the political and economic reasons for the regime's gradualist approach to change. In his concluding chapter, he explores the possibility of a development strategy wherein creative talent is emphasized and public agencies work with organized labor to generate growth, employment, and equity. Iliya Harik is professor of political science at Indiana University and author and editor of numerous books and articles, including The Political Mobilization of Peasants (1974) and Privatization and Liberalization in the Middle East (1992).

Download or read book Arab Republic of Egypt written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2024-04-26 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Executive Board approved a 46-month USD 3 billion Extended Fund Facility (EFF) arrangement for Egypt in December 2022. The EFF-supported program aims to safeguard economic stability, restore buffers, and pave the way for inclusive and private sector-led growth. Following policy slippages, the first and second reviews were delayed. The return to a fixed exchange rate in February 2023 undermined the initial credibility boost from the announcement of a shift to a flexible regime and hampered the execution of other program pillars such as divestment of state-owned assets. It also led to foreign exchange (FX) shortages, a large spread in the parallel market, and constrained imports, all of which fueled inflation and weighed on growth. At the same time, delays in raising the policy rate in response to higher-thanexpected inflation resulted in more negative real rates and financial repression. Continued investment in national projects at a pace inconsistent with macroeconomic stability contributed significantly to foreign exchange and inflation pressures. Spillovers from the conflict in Gaza and Israel and the Red Sea disruptions have exacerbated external pressures and widened further the financing gap. A significant investment deal with Abu Dhabi Developmental Holding Company (ADQ), signed in February, has improved the near-term financial outlook, providing for a more benign external financing environment as the authorities push forward with needed reforms.

Download or read book The Political Economy of Reforms in Egypt written by Khalid Ikram and published by American University in Cairo Press. This book was released on 2018-03-21 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the long-term structural features of the Egyptian economy? What are the factors that have facilitated or inhibited its performance? This crucial and timely work answers these questions and more by examining the most important economic decisions to have impacted the Egyptian economy since 1952 and the political factors behind them. Drawing on Khalid Ikram's extensive knowledge of economic policymaking at the highest levels, The Political Economy of Reforms in Egypt, 1952-2016 lays out the enduring features of the Egyptian economy and its performance since 1952 before presenting an account of policy-making, growth and structural change under the country's successive presidents to the present day. Topics covered include agrarian reforms; the Aswan High Dam; the move towards Arab socialism and a planned economy; the reversal of strategy and the infitah; fiscal, monetary, and exchange-rate policies; consumer subsidies; external debt crises; negotiations between Egypt and international donors and financial institutions; privatization; labor and employment; and poverty and income distribution. The analysis concludes with an examination of institutional reforms and development strategies to tackle the Egyptian economy's structural problems and lay the foundation for sustained and rapid growth. Written from the point of view of a 'participant-observer,' this book will be indispensable to students of political economy, to scholars of Egypt and the Middle East, and to the general reader who wishes to understand, especially from the wealth of insider information provided, how domestic and international politics and economics can interact to shape decisions that promote, or prevent, economic reforms.

Download or read book The Dynamics of Economic Policy Making in Egypt written by Paul Rivlin and published by Greenwood. This book was released on 1985 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Download or read book Development in the Age of Liberalization written by Dan Tschirgi and published by . This book was released on 1996 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comparative study of development strategies in Egypt and Mexico in the twentieth century sheds light on two major questions: what is 'development' in the Third World? and what does the pursuit of development actually mean for contemporary Third World states? It addresses these issues by looking closely at the experiences that in this century led Egypt and Mexico to embark on their current strategies of 'development through liberalization.' The nineteen essays by prominent Egyptian, Mexican, and American scholars cover the historical background of development in the two countries, then examine a wide range of subjects: agriculture and industry, private and public economic sectors, planning and bureaucratization of the state, political participation, external factors, population and urbanization, the role of women, and culture and political development.

Download or read book The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa written by Ms.Janet Gale Stotsky and published by International Monetary Fund. This book was released on 2012-06-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited.