front cover -- copyright -- table of contents -- front matter -- List of Contributors -- List of Referees -- Introduction -- body -- Part I: Savings, Investments and Portfolio and FDI Flows -- Portfolio Diversification and Financial Integration of MENA Stock Markets -- Chapter 1 Introduction -- MENA Stock Markets -- Data and Empirical Model -- Vector Error-Correction Model -- Chapter 1 Conclusions and Policy Implications -- Chapter 1 Notes -- Chapter 1 References -- Foreign Direct Investment in Tunisia: Role of the Free Trade Agreement with European Union -- Chapter 2 Introduction -- Trade Liberalization, FDI Flows and Productivity -- Linkages between FDI and FTAs -- FDI in Tunisia: Structure and Determinants -- The General Equilibrium Model -- Accumulation and FDI -- Chapter 2 Conclusion -- Chapter 2 Acknowledgments -- Chapter 2 References -- Institutional Investors, Contractual Savings and Capital Market Development in Egypt, Jordan, Morocco, and Tunisia -- Chapter 3 Introduction -- Explosive Growth -- Recent Research Findings -- Economic and Capital Markets Effects -- Comparative Experience of EJMT -- Chapter 3 Conclusions and Policy Implications -- Chapter 3 Notes -- Chapter 3 References -- Financial Liberalization, Savings, Investment, and Growth in MENA Countries -- Chapter 4 Introduction -- Why do Governments Adopt Financial Repression Policies? -- Financial Liberalization, Savings, Investment, and Growth -- Empirical Investigation -- Chapter 4 Conclusion -- Chapter 4 Notes -- Chapter 4 References -- Appendix A: The Effects of Financial Liberalization Components on Savings -- Appendix B: Financial Liberalization Components and Financial Liberalization Index (1) -- Appendix C: Financial Liberalization Components and Financial Liberalization Index (2) -- Appendix D: Data Sources and Indicators -- Determinants of Private Savings in the Middle East and North Africa -- Chapter 5 Introduction -- Trends in the Private Savings in Mena Region -- A Review of the Determinants of Private Saving Rates -- An Empirical Model and the Data -- Chapter 5 Estimation Results -- A Comparison Between MENA, LDC and OECD Countries -- Chapter 5 Concluding Remarks -- Chapter 5 Notes -- Chapter 5 Acknowledgments -- Chapter 5 References -- Part II: Commercial Banking -- Profitability and Risk Management in Banking: A Comparative Analysis of Egypt and Lebanon -- Chapter 6 Introduction -- Egypt Banking System -- Lebanon''s Banks: A Background -- Empirical Investigation and Methodology -- Empirical Results -- Chapter 6 Conclusions and Policy Implications -- Chapter 6 Acknowledgments -- Chapter 6 References -- An Analysis of Mergers and Acquisitions in the Turkish Banking Sector -- Chapter 7 Introduction -- A Quick Glance at the Turkish Banking Industry Structure2 -- A Stylized Model of the Banking Industry -- The Behavior of the Dominant Group and the Competitive Fringe -- Equilibrium -- Empirical Application: Mergers and Acquisitions -- Chapter 7 Concluding Remarks -- Chapter 7 Notes -- Chapter 7 Acknowledgments -- Chapter 7 References -- Part III: Monetary, Financial and Exchange Rate Policies -- Hysteresis in Currency Substitution: The Middle East and North Africa -- Chapter 8 Introduction -- Causes and Implications of Dollarization -- Dollarization and Hysteresis -- Hysteresis in the MENA Region: Lebanon and Egypt -- Chapter 8 Concluding Remarks -- Chapter 8 Notes -- Chapter 8 References -- Choosing an Appropriate Palestinian Monetary Regime -- Chapter 9 Introduction -- Proposed Options -- A Further Critique of the Currency Board Option -- Chapter 9 Concluding Remarks and Recommendations -- Chapter 9 Notes -- Chapter 9 References -- Dollarization and its Long-run Determinants in Turkey -- Chapter 10 Introduction -- Historical Perspective -- The Empirical Model -- Chapter 10 Estimation Results -- Chapter 10 Summary and Conclusions -- Chapter 10 Notes -- Chapter 10 Acknowledgments -- Chapter 10 References -- Fiscal Monetary and Exchange Rate Policies in a Small Open Economy -- Chapter 11 Introduction and Related Literature -- The Sustainability of Fiscal Policy Under a Pegged Exchange Rate Regime -- The Conduct of Monetary Policy: an Empirical Estimation -- Chapter 11 Conclusion and Policy Implications -- Chapter 11 Notes -- Chapter 11 Acknowledgments -- Chapter 11 References -- Appendix -- .
