Inflation Targeting in MENA Countries: An Unfinished Journey

PART I: ISSUES AND CHALLENGES Moving towards Domestic Monetary Anchors - are Financial Markets Ready in the Mediterranean Region?; T.Bracke Fiscal Policy and Macroeconomic Stability in Mediterranean Countries; M.Sturm & F.Gurtner Capital Mobility and the Optimal Monetary Policy Rule: a Tunisian Case Study; M.Sami Nabi & N.Diop Monetary Policy Transmission and Targeting Mechanisms in Six MENA Countries; S.Neaime Monetary Transmission Mechanisms: the Credit Versus the Interest Rate Channel; A.Boughrara & S.Ghazouani PART II: THE JOURNEY TOWARDS IT From Bretton Woods to Inflation Targeting: Financial Change and Monetary Policy Evolution in Europe; D.Cobham Monetary Policy in Turkey: the Reasons for Introducing Inflation Targeting and the Outcome; H.Ersel & F.Özatay The Evolution of Monetary Policy in Egypt and Steps Towards Inflation Targeting; R.Al-Mashat The Uncertain Journey towards Inflation Targeting in Tunisia; M.Boughzala & H.Moussa The Journey towards Inflation Targeting in Morocco; L.Achy & A.Boughrara