What Drives Prices in Egypt?
What Drives Prices in Egypt?

Author:

Publisher: Oxford University Press

Published: 2009

Total Pages: 263

ISBN-13: 9774163036

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Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.

What Drives Prices in Egypt?
What Drives Prices in Egypt?

Author: Hanaa Kheir-El-Din

Publisher: American University in Cairo Press

Published: 2009-10-01

Total Pages: 232

ISBN-13: 1617973858

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Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.

Financial Integration
Financial Integration

Author: Marga Peeters

Publisher: Springer Science & Business Media

Published: 2013-09-21

Total Pages: 230

ISBN-13: 3642356974

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The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.

Historical Dictionary of Egypt
Historical Dictionary of Egypt

Author: Arthur Goldschmidt Jr.

Publisher: Rowman & Littlefield

Published: 2023-07-25

Total Pages: 589

ISBN-13: 1538157365

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Historical Dictionary of Egypt, Fifth Edition contains a chronology, an introduction, and an extensive bibliography. The dictionary section has more than 600 cross-referenced entries on important personalities as well as aspects of the country’s politics, economy, foreign relations, religion, and culture.

Monetary Analysis at Central Banks
Monetary Analysis at Central Banks

Author: David Cobham

Publisher: Springer

Published: 2016-04-13

Total Pages: 149

ISBN-13: 1137593350

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Whatever happened to the money supply? This book explains how the analysis of monetary and credit aggregates is undertaken at the Bank of England, the European Central Bank and (as an example of a developing country) the Bank of Tanzania. The book also explores how this analysis relates to these central banks' monetary policy strategies and how it feeds into policymaking. An editorial introduction provides the intellectual and historical background – from the contributions of key economists such as Milton Friedman and Jacques Polak, to monetary targeting and inflation targeting – and argues that central banks and policy analysts would be foolish to neglect the insights monetary analysis can offer. The papers compiled in Monetary Analysis at Central Banks demonstrate just how useful and varied those insights are.

Crisis and Class War in Egypt
Crisis and Class War in Egypt

Author: Sean F. McMahon

Publisher: Zed Books Ltd.

Published: 2016-10-15

Total Pages: 122

ISBN-13: 1783605057

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In 2011, capital’s crisis erupted in Egyptian society. This eruption, and subsequent politics, have been misrepresented as revolutionary, as the working class was – and is increasingly so – devalued and disempowered. In Crisis and Class War in Egypt, Sean F. McMahon critically analyses Egypt's recent political history. He argues that the so-called 'revolution' was the appearance of capital's destruction of the value of the Egyptian working class and an existential crisis for capital. In response, productive capital in the form of the military used, disposed of and replaced its junior partners in governing; first the predatory capital of the Mubarak state with the commodity capital of the Muslim Brotherhood, and then commodity capital with the finance capital of the Gulf Cooperation Council. These reconfigurations have been expressed in all manner of reactionary governmental arrangements including constitutions, legislation and currency reform. Extending today's analysis into the near future, McMahon sees the war of Egyptian society intensifying, and increasingly violent lives for Egyptian workers.

How Novelty and Narratives Drive the Stock Market
How Novelty and Narratives Drive the Stock Market

Author: Nicholas Mangee

Publisher: Cambridge University Press

Published: 2021-10-14

Total Pages: 451

ISBN-13: 1108983588

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'Animal spirits' is a term that describes the instincts and emotions driving human behaviour in economic settings. In recent years, this concept has been discussed in relation to the emerging field of narrative economics. When unscheduled events hit the stock market, from corporate scandals and technological breakthroughs to recessions and pandemics, relationships driving returns change in unforeseeable ways. To deal with uncertainty, investors engage in narratives which simplify the complexity of real-time, non-routine change. This book assesses the novelty-narrative hypothesis for the U.S. stock market by conducting a comprehensive investigation of unscheduled events using big data textual analysis of financial news. This important contribution to the field of narrative economics finds that major macro events and associated narratives spill over into the churning stream of corporate novelty and sub-narratives, spawning different forms of unforeseeable stock market instability.

The Egyptian Coffeehouse
The Egyptian Coffeehouse

Author: Dalia Mostafa

Publisher: Bloomsbury Publishing

Published: 2020-11-26

Total Pages: 197

ISBN-13: 0755635280

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The coffeehouse is a microcosm of the larger Egyptian society with its history of multiculturalism and great diversity. It is not only a social space which was created and shaped by the people over decades in their streets, neighbourhoods and cities, but it also occupies a sphere in the popular imagination full of stories, memories and social networks. Despite the coffeehouse's cultural centrality and socio-political importance in Egypt, academic research and publications on its significance remain sparse. This volume aims to fill this gap by presenting, for the first time in English, a full study analysing the importance of the coffeehouse as an urban phenomenon, with its cultural, historical, economic and political significance in contemporary Egyptian society. The volume shows how historically the coffeehouse has always played a key role as a commercial enterprise; and culturally, as a place for rich literary and artistic production which has multi-layered representations in Egyptian novels, cinema and popular music, amongst other genres. Economically, the coffeehouse has been vital for accessing job opportunities, especially for informal workers; in addition to having played a crucial role in political mobilisation during decisive historical events, as well as in recent years during the 2011 revolution and its aftermath. Through extended interviews with six residents in Cairo, the authors further examine the role and influence of the coffeehouse as a significant feature of contemporary Egyptian life and urban landscape.

The Risk Pivot
The Risk Pivot

Author: Bruce D. Jones

Publisher: Brookings Institution Press

Published: 2014-11-21

Total Pages: 216

ISBN-13: 0815726058

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The last decade has seen a revolution in global energy. First, we saw explosive growth in demand from Asia's rising powers, which fueled fears about scarcity and conflict. But we've also seen an American revolution in technology and markets, resulting in a dramatic increase in sup-ply. This is strengthening America's hand in the world—but it's not without complications. There are major security consequences of these shifts. Among the most consequential are China and India, Asia's emerging giants, which are increasingly exposed to political risks associated with energy risks, as well as the energy flows, pivoting to Asia. Meanwhile the great powers struggle to balance their need for fossil fuels with a mounting effort to tackle climate change. The top powers, and the United States above all, face a stra-tegic choice: whether to use energy as a weapon of geopolitics, or as a tool of a stable order. CONTENTS Introduction 1. The President and the King—Key Messages of the Book 2. The Energy Revolutions—A Primer Geopolitics in Flux—The Players 3. Choices—Scenarios, and the Choice the Powers Confront 4. Rough Seas Ahead—The Great Powers' Search for Energy Security Globalization and Complexity—The Problems 5. Transition in the Gulf 6. The Turbulent Middle 7. Fragile States 8. The Russian Problem 9. Connections—from Pipelines to Politics Governance—The Partners 10. An Emerging System of Global Energy Governance 11. Leadership Choices