| Description |
1 online resource (x, 188 pages) : illustrations |
| Contents |
Overview / Manuel Guitián and Saleh M. Nsouli -- Opening remarks / Omar Kabaj, Osama J. Faquih -- Concepts and degrees of currency convertibility / Manuel Guitián -- Current account convertibility : anachronism or transition? / Saleh M. Nsouli -- Experience with exchange controls in the Arab countries / Mustapha Kara and Salam Hleihel -- Currency convertibility in Tunisia / Abdelmoumen Souayah -- The exchange system in Morocco / Ali Amor -- Experiences of Morocco, Tunisia, Jordan, and Egypt with currency convertibility / Afran Al-Azmeh -- The issue of capital account convertibility : a gap between norms and reality / Manuel Guitián |
| Summary |
Currency convertibility -- defined in the broadest sense as the right to convert freely and without limit a currency into any other at the prevailing exchange rate -- is the linchpin of today's globalized world economy. To assess the importance of convertibility, it is only necessary to point out that a system of well-managed convertible national currencies imparts to the international arena advantages analogous to those resulting from the introduction of money in a national economy, most notably, the elimination of barter (and the need for coincidence of needs) as a basis for international trade and the provision of an instrument for the development of financial markets |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Currency convertibility -- Middle East -- Congresses
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Monetary policy -- Middle East -- Congresses
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Currency convertibility -- Africa, North -- Congresses
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Monetary policy -- Africa, North -- Congresses
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BUSINESS & ECONOMICS -- Finance.
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Currency convertibility
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Monetary policy
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Convertibiliteit.
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Valuta's.
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Politique monétaire -- Afrique du Nord.
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Politique monétaire -- Moyen-Orient.
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Convertibilité monétaire -- Moyen-Orient.
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Convertibilité monétaire -- Afrique du Nord.
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North Africa
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Middle East
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| Genre/Form |
Conference papers and proceedings
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| Form |
Electronic book
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| Author |
Guitián, Manuel, editor.
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Nsouli, Saleh M., editor.
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International Monetary Fund, issuing body.
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| LC no. |
96224878 |
| ISBN |
9781455292073 |
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1455292079 |
|
1283537745 |
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9781283537742 |
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