The Saudi Arabian Monetary Agency, 1952-2016

Central Bank of Oil

Business & Finance, Economics, Public Finance, Economic History
Cover of the book The Saudi Arabian Monetary Agency, 1952-2016 by Ahmed Banafe, Rory Macleod, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ahmed Banafe, Rory Macleod ISBN: 9783319552187
Publisher: Springer International Publishing Publication: July 18, 2017
Imprint: Palgrave Macmillan Language: English
Author: Ahmed Banafe, Rory Macleod
ISBN: 9783319552187
Publisher: Springer International Publishing
Publication: July 18, 2017
Imprint: Palgrave Macmillan
Language: English

This book sheds new light on the critical importance of the Saudi Arabian Monetary Agency (SAMA), a remarkably successful central bank that is a model for developing oil exporters worldwide. As a "swing producer", Saudi Arabia has traditionally stepped in to make up for oil supply shortfalls in other OPEC countries, or to scale back their own production when overabundance might lead to a price crash. Since 2014, Saudi Arabia has changed its policy in response to the rise of American shale oil, in search of a long-term strategy that will, once again, help balance supply and demand at a steady price. In its informal dual role of central bank and sovereign wealth fund, SAMA must navigate the paradoxes faced by monoline oil producing countries: the need for diversification vs. dependence on oil-based revenue; the loss of foreign exchange reserves that follows oil-financed government spending; the unreliability of revenue from oil; the challenges of using a Western model for supervising Shariah-compliant banks; and the need to have a balancing mix of oil and financial assets. As SAMA (now the Saudi Arabian Monetary Authority) reassesses its role in 2017, this history and guide to current policy issues will prove invaluable for policymakers in oil producing economies looking to apply lessons from the past as they plan for the future. 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book sheds new light on the critical importance of the Saudi Arabian Monetary Agency (SAMA), a remarkably successful central bank that is a model for developing oil exporters worldwide. As a "swing producer", Saudi Arabia has traditionally stepped in to make up for oil supply shortfalls in other OPEC countries, or to scale back their own production when overabundance might lead to a price crash. Since 2014, Saudi Arabia has changed its policy in response to the rise of American shale oil, in search of a long-term strategy that will, once again, help balance supply and demand at a steady price. In its informal dual role of central bank and sovereign wealth fund, SAMA must navigate the paradoxes faced by monoline oil producing countries: the need for diversification vs. dependence on oil-based revenue; the loss of foreign exchange reserves that follows oil-financed government spending; the unreliability of revenue from oil; the challenges of using a Western model for supervising Shariah-compliant banks; and the need to have a balancing mix of oil and financial assets. As SAMA (now the Saudi Arabian Monetary Authority) reassesses its role in 2017, this history and guide to current policy issues will prove invaluable for policymakers in oil producing economies looking to apply lessons from the past as they plan for the future. 

More books from Springer International Publishing

Cover of the book The Development of an Integrated Planning and Decision Support System (IPDSS) for Land Consolidation by Ahmed Banafe, Rory Macleod
Cover of the book Innovation and Teaching Technologies by Ahmed Banafe, Rory Macleod
Cover of the book US and EU External Labor Governance by Ahmed Banafe, Rory Macleod
Cover of the book Process Simulation and Optimization in Sustainable Logistics and Manufacturing by Ahmed Banafe, Rory Macleod
Cover of the book Parliamentarians’ Professional Development by Ahmed Banafe, Rory Macleod
Cover of the book Innovations in Smart Cities and Applications by Ahmed Banafe, Rory Macleod
Cover of the book Intelligent Robotics and Applications by Ahmed Banafe, Rory Macleod
Cover of the book Global Developments in Literacy Research for Science Education by Ahmed Banafe, Rory Macleod
Cover of the book The Semantic Web by Ahmed Banafe, Rory Macleod
Cover of the book Chaos, Complexity and Leadership 2016 by Ahmed Banafe, Rory Macleod
Cover of the book Mechanics of Biological Systems, Materials and other topics in Experimental and Applied Mechanics, Volume 4 by Ahmed Banafe, Rory Macleod
Cover of the book Closing Human Evolution: Life in the Ultimate Age by Ahmed Banafe, Rory Macleod
Cover of the book Geometry Through History by Ahmed Banafe, Rory Macleod
Cover of the book Essential Topics in Applied Linguistics and Multilingualism by Ahmed Banafe, Rory Macleod
Cover of the book Collective Rights and Digital Content by Ahmed Banafe, Rory Macleod
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy