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

Publisher	(Cham : Springer International Publishing : Imprint: Palgrave Macmillan)
Year	2017
Edition	1st ed. 2017.
Authors	*Banafe, Ahmed author Macleod, Rory author SpringerLink (Online service)

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Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00148674		Springer Economics and Finance eBooks (電子ブック)	9783319552187

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Material Type	E-Book
Media type	機械可読データファイル
Size	XXI, 330 p. 81 illus : online resource
Notes	1. Background to Saudi Arabia’s Financial Challenges -- 2. Discovery of Oil and the Founding of the Saudi Arabian Monetary Agency 1902-52 -- 3. Financial Development Before the First Oil Crisis 1953-74 -- 4. Petrodollar Recycling and Saudization of the Banking System 1975-82 -- 5. Declining Foreign Exchange Reserves and Iraq’s Invasion of Kuwait 1983-93 -- 6. Low Oil Prices, Rising Government Debt, and External Crises 1994-2004 -- 7. Impact of the Global Financial Crisis and Its Aftermath 2005-16 -- 8. The Future of Gulf Monetary Union -- 9. Foreign Exchange Reserves Management – SAMA’s Experience -- 10. Developing the Domestic Bond Markets -- 11. Currency Regime and Monetary Policy -- 12. SAMA and the International Monetary System -- 13. The Saudi Banking System -- 14. SAMA and the Future This 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. HTTP:URL=https://doi.org/10.1007/978-3-319-55218-7
Subjects	LCSH:Finance, Public LCSH:Finance—History LCSH:Macroeconomics LCSH:Middle East—Economic conditions FREE:Public Finance FREE:Financial History FREE:Macroeconomics/Monetary Economics//Financial Economics FREE:Middle Eastern and North African Economics
Classification	LCC:HJ9-9940 DC23:336
ID	8000059826
ISBN	9783319552187