Inflation targeting in MENA countries: an unfinished journey

PART I: ISSUES AND CHALLENGES Moving towards Domestic Monetary Anchors -- are Financial Markets Ready in the Mediterranean Region?-- T.Bracke Fiscal Policy and Macroeconomic Stability in Mediterranean Countries-- M.Sturm & F.Gurtner Capital Mobility and the Optimal Monetary Policy Rule: a Tunisian Case Study-- M.Sami Nabi & N.Diop Monetary Policy Transmission and Targeting Mechanisms in Six MENA Countries-- S.Neaime Monetary Transmission Mechanisms: the Credit Versus the Interest Rate Channel-- A.Boughrara & S.Ghazouani PART II: THE JOURNEY TOWARDS IT From Bretton Woods to Inflation Targeting: Financial Change and Monetary Policy Evolution in Europe-- D.Cobham Monetary Policy in Turkey: the Reasons for Introducing Inflation Targeting and the Outcome-- H.Ersel & F.Ozatay The Evolution of Monetary Policy in Egypt and Steps Towards Inflation Targeting-- R.Al-Mashat The Uncertain Journey towards Inflation Targeting in Tunisia-- M.Boughzala & H.Moussa The Journey towards Inflation Targeting in Morocco-- L.Achy & A.Boughrara