000			03802cam a2200445Mi 4500
001			on1028611250
003			OCoLC
005			20240726104750.0
008			170719s2017 gw a ob 001 0 eng d
040			_aAUD _beng _erda _epn _cAUD _dOCLCO _dU3W _dCAUOI _dOCLCQ _dYDX _dNJR _dNT _dEBLCP _dFIE _dOCLCF _dMERER
020			_a9783319552187
020			_a331955218X
043			_aa-su---
050	0	4	_aHJ9-HJ9940 _b.S283 2017
049			_aMAIN
100	1		_aBanafe, Ahmed, _e1
245	1	0	_aThe Saudi Arabian Monetary Agency, 1952-2016 : _bCentral Bank of Oil / _cby Ahmed Banafe, Rory Macleod.
260			_aCham : _bSpringer International Publishing : _c(c)2017.
260			_bImprint : _bPalgrave Macmillan, _c(c)2017.
300			_a1 online resource (XXI, 330 pages 81 illustrations) : _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aFinancial Institutions, Reforms, and Policies in Muslim Countries
505	0	0	_a1. Background to Saudi Arabia's Financial Challenges -- _t2. Discovery of Oil and the Founding of the Saudi Arabian Monetary Agency 1902-52 -- _t3. Financial Development Before the First Oil Crisis 1953-74 -- _t4. Petrodollar Recycling and Saudization of the Banking System 1975-82 -- _t5. Declining Foreign Exchange Reserves and Iraq's Invasion of Kuwait 1983-93 -- _t6. Low Oil Prices, Rising Government Debt, and External Crises 1994-2004 -- _t7. Impact of the Global Financial Crisis and Its Aftermath 2005-16 -- _t8. The Future of Gulf Monetary Union -- _t9. Foreign Exchange Reserves Management -- _tSAMA's Experience -- _t10. Developing the Domestic Bond Markets -- _t11. Currency Regime and Monetary Policy -- _t12. SAMA and the International Monetary System -- _t13. The Saudi Banking System -- _t14. SAMA and the Future.
520	0		_aThis book sheds new light on the critical importance of the Saudi Arabian Monetary Agency (SAMA), a remarkably successful central bank that is a model for developing oil exporters worldwide. As a "swing producer", Saudi Arabia has traditionally stepped in to make up for oil supply shortfalls in other OPEC countries, or to scale back their own production when overabundance might lead to a price crash. Since 2014, Saudi Arabia has changed its policy in response to the rise of American shale oil, in search of a long-term strategy that will, once again, help balance supply and demand at a steady price. In its informal dual role of central bank and sovereign wealth fund, SAMA must navigate the paradoxes faced by monoline oil producing countries: the need for diversification vs. dependence on oil-based revenue; the loss of foreign exchange reserves that follows oil-financed government spending; the unreliability of revenue from oil; the challenges of using a Western model for supervising Shariah-compliant banks; and the need to have a balancing mix of oil and financial assets. As SAMA (now the Saudi Arabian Monetary Authority) reassesses its role in 2017, this history and guide to current policy issues will prove invaluable for policymakers in oil producing economies looking to apply lessons from the past as they plan for the future.
504			_a2
530			_a2 _ub
650		0	_aFinance.
650		0	_aFinance, Public.
650		0	_aFinance _xHistory.
650		0	_aMacroeconomics.
655		1	_aElectronic Books.
700	1		_aMacLeod, Rory, _e1
856	4	0	_zClick to access digital title | log in using your CIU ID number and my.ciu.edu password. _uhttpss://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1558596&site=eds-live&custid=s3260518
942			_cOB _D _eEB _hHJ-HJ _m2017 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c77590 _d77590
902			_a1 _bCynthia Snell _c1 _dCynthia Snell