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Download e-book for kindle: The Saudi Arabian Monetary Agency, 1952-2016: Central Bank by Ahmed Banafe,Rory Macleod

By Ahmed Banafe,Rory Macleod

ISBN-10: 3319552171

ISBN-13: 9783319552170

This booklet sheds new gentle at the serious value of the Saudi Arabian financial business enterprise (SAMA), a remarkably winning imperative financial institution that may be a version for constructing oil exporters world wide. As a "swing producer", Saudi Arabia has characteristically stepped in to make up for oil offer shortfalls in different OPEC international locations, or to cut back their very own creation when overabundance might result in a cost crash. when you consider that 2014, Saudi Arabia has replaced its coverage in line with the increase of yankee shale oil, looking for a long term process that may, once more, aid stability provide and insist at a gradual cost. In its casual twin position of vital financial institution and sovereign wealth fund, SAMA needs to navigate the paradoxes confronted via monoline oil generating nations: the necessity for diversification vs. dependence on oil-based profit; the lack of foreign currencies reserves that follows oil-financed executive spending; the unreliability of profit from oil; the demanding situations of utilizing a Western version for supervising Shariah-compliant banks; and the necessity to have a balancing mixture of oil and monetary resources. As SAMA (now the Saudi Arabian financial Authority) reassesses its position in 2017, this heritage and advisor to present coverage issues will turn out worthwhile for policymakers in oil generating economies looking to use classes from the earlier as they plan for the future. 

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The Saudi Arabian Monetary Agency, 1952-2016: Central Bank of Oil (Financial Institutions, Reforms, and Policies in Muslim Countries) by Ahmed Banafe,Rory Macleod


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