Financial Integration: A Focus on the Mediterranean Region (Financial and Monetary Policy Studies Book 36)

The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region. Front Matter....Pages i-viii Front Matter....Pages 1-1 Introduction....Pages 3-10 Front Matter....Pages 11-11 Prospects for Monetary Coordination in the Mediterranean Region: More or Larger Monetary Unions?....Pages 13-28 Foreign Exchange Reserves’ Accumulation and the Impact on the Economies of Algeria and Tunisia....Pages 29-60 Are International Food Price Spikes the Source of Egypt’s High Inflation?....Pages 61-83 Front Matter....Pages 85-85 Coordinating Taxation Between the European Union and Other Countries Through Advance Tax-Rulings Systems....Pages 87-94 The Role of Taxation in the Mediterranean Financial Integration....Pages 95-116 Front Matter....Pages 117-117 Arab Stock Markets Integration: The Case Study of Agadir Agreement Countries....Pages 119-137 GCC Financial Markets in the Wake of Recent Global Crisis....Pages 139-155 Front Matter....Pages 157-157 Determinants of Banking Liquidity in South Mediterranean Countries: The Case of Morocco....Pages 159-171 Financial Integration, Banking Competition Changes and Financial Stability: The Case of the MENA Region....Pages 173-193 Front Matter....Pages 195-195 Social Economy and Solidarity in the Mediterranean Area: Participation, Sustainability and Revolution....Pages 197-213 Trade, Regional Integration and Economic Growth: MEDA Region and the Western Balkan Countries....Pages 215-229 Back Matter....Pages 231-234