External linkages and policy constraints in Saudi Arabia
"The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil nee...
| Основен автор: | Westelius, Niklas J. 1969- (Author) |
|---|---|
| Автор-организации: | International Monetary Fund. Middle East and Central Asia Department. |
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
[Washington, D.C.] :
International Monetary Fund,
℗♭2013.
|
| Серия: |
IMF working paper ;
WP/13/59. |
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=561222 |
| Резюме: |
"The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs of emerging market economies (EMEs), and specifically those of developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in Saudi Arabia has gradually strengthened the monetary transmission mechanism. The former implies the increased importance of developing Asia's growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on the non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing Asia and the United States has the potential to increasingly generate tension between policy objectives in Saudi Arabia"--Abstract. |
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| Описание на библ. документ: |
Title from PDF title page (IMF Web site, viewed Mar. 13, 2013). "Middle East and Central Asia"--Page 2 of pdf. "March 2013"--Page 2 of pdf. |
| Физически характеристики: |
1 online resource (30 pages) : color illustrations. |
| Библиография: |
Includes bibliographical references (pages 28-29). |
| ISBN: |
9781475559477 147555947X 9781475598575 1475598572 |