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The Political Economy of Monetary Policy in Resource-Rich Arab Economies

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  • Ghassan Dibeh

    (Lebanese American University)

Abstract

This paper investigates the role of political institutions and interests in shaping monetary policy in the resource-rich Arab economies. The paper first reviews the literature on the political economy of monetary policy, central banking and exchange rates. The paper then studies these determinants in Arab economies differentiating between populous (or labor abundant) economies and non-populous (or labor scarce) economies. Political-economic determinants of monetary policy such as sectoral groups’ interest/preferences, rentier state, governance and the need to attractinternational capital inflows are considered.

Suggested Citation

  • Ghassan Dibeh, 2014. "The Political Economy of Monetary Policy in Resource-Rich Arab Economies," Working Papers 896, Economic Research Forum, revised Dec 2014.
    • Handle: RePEc:erg:wpaper:896
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    References listed on IDEAS

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    Cited by:

    1. Sameena Hameed, 2020. "Political Economy of Rentierism in the Middle East and Disruptions from the Digital Space," Contemporary Review of the Middle East, , vol. 7(1), pages 54-89, March.

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