Author/Editor: Roberto Cardarelli, Hippolyte W Balima, Chiara Maggi, Adrian Alter, Jérôme Vacher, Matthew Gaertner, Olivier Bizimana, Azhin Abdulkarim, Karim Badr, Shant Arzoumanian, Mahmoud Harb, Mariam El Hamiani Khatat, Priscilla S Muthoora, Aymen Belgacem.

Release Date:June, 2022

North African economies are characterized by a significant share of informal activity and employment. About two-thirds of workers in North Africa operate without any formal arrangement and social more...

Author/Editor: Mariam El Hamiani Khatat, Mark Buessings-Loercks, Vincent Fleuriet.

Release Date:September, 2020

This paper argues that there is scope for monetary policy under an exchange rate anchor, and discusses the related monetary policy design and implementation. It shows that the exchange rate can be more...

Author/Editor: Nicolas End, Mariam El Hamiani Khatat, Rym Kolsi.

Release Date:August, 2020

In this paper, we argue that inflation targeting could be the future of Tunisia’s monetary policy. Monetary targeting has proven to be ineffective due to the composition of reserve money, more...

Author/Editor: Mariam El Hamiani Khatat, Romain M Veyrune.

Release Date:March, 2019

This paper introduces a theoretical framework for liquidity management under fixed exchange rate arrangement, derived from the price-specie flow mechanism of David Hume. The framework highlights that more...

Author/Editor: Mariam El Hamiani Khatat.

Release Date:February, 2018

Two types of currency in circulation models are identified: (1) a first generation derived from the theory of money demand and (2) a second generation aimed at producing daily forecasts more...

Author/Editor: Mariam El Hamiani Khatat.

Release Date:March, 2016

This paper discusses key issues related to the conduct of monetary policy in countries that have Islamic banks. It describes the macrofinancial background and monetary policy frameworks where Islamic more...