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Monetary Policies, Banking Systems, Regulatory Convergence, Efficiency and Growth in the Mediterranean (Hardcover)
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Monetary Policies, Banking Systems, Regulatory Convergence, Efficiency and Growth in the Mediterranean (Hardcover)
Series: Palgrave Macmillan Studies in Banking and Financial Institutions
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Monetary policies and international standards and norms on banking
regulations have, once again, come to the forefront of the policy
discussion in developed nations due to the recent crisis in the
world's financial markets. This discussion is far from new, nor
does it apply exclusively to the world's most advanced economies. A
stable monetary policy and a sound and well-enforced regulatory
regime can help developing nations channel financial resources more
efficiently into investments. For open economies it can also act as
a buffer, an important stability factor in today's shaky market
environment.
This book assesses the challenges facing monetary policies and the
independence of central banks. It explores banking systems and
examines the impact of monetary policy and banking sector
regulations on bank efficiency and economic growth in the Southern
and Eastern Mediterranean, at the same time investigating the level
of convergence of regulatory practices and efficiency to EU
Mediterranean standards.
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