{"id":20239,"date":"2001-01-02T11:15:00","date_gmt":"2001-01-02T11:15:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=20239"},"modified":"2023-12-05T12:28:08","modified_gmt":"2023-12-05T12:28:08","slug":"monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/","title":{"rendered":"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead"},"content":{"rendered":"\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>This paper explains how the Egyptian monetary policy during the first half of the 1990s reduced macroeconomic imbalances and achieved economic stabilization. It also evaluates the recent pressures on the external position and the policy responses. On the basis of these findings, the paper identifies the challenges ahead, and takes a cursory look at ongoing efforts to revamp the instruments of monetary policy and modernize the institutional framework of the financial system.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract: This paper explains how the Egyptian monetary policy during the first half of the 1990s reduced macroeconomic imbalances and achieved economic stabilization. It also evaluates the recent pressures on the external position and the policy responses. On the basis of these findings, the paper identifies the challenges ahead, and takes a cursory look at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-20239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-working-papers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead - ECES\" \/>\n<meta property=\"og:description\" content=\"Abstract: This paper explains how the Egyptian monetary policy during the first half of the 1990s reduced macroeconomic imbalances and achieved economic stabilization. It also evaluates the recent pressures on the external position and the policy responses. On the basis of these findings, the paper identifies the challenges ahead, and takes a cursory look at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"ECES\" \/>\n<meta property=\"article:published_time\" content=\"2001-01-02T11:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-05T12:28:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eces.org.eg\/wp-content\/uploads\/2023\/07\/W-P-51-En-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1975\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin-eces-staging\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin-eces-staging\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\"},\"author\":{\"name\":\"admin-eces-staging\",\"@id\":\"https:\/\/eces.org.eg\/#\/schema\/person\/7981d9621302fef3e6e0a1f65d658135\"},\"headline\":\"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead\",\"datePublished\":\"2001-01-02T11:15:00+00:00\",\"dateModified\":\"2023-12-05T12:28:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\"},\"wordCount\":87,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/eces.org.eg\/#organization\"},\"articleSection\":[\"Working Papers\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\",\"url\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\",\"name\":\"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead - ECES\",\"isPartOf\":{\"@id\":\"https:\/\/eces.org.eg\/#website\"},\"datePublished\":\"2001-01-02T11:15:00+00:00\",\"dateModified\":\"2023-12-05T12:28:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/eces.org.eg\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eces.org.eg\/#website\",\"url\":\"https:\/\/eces.org.eg\/\",\"name\":\"ECES\",\"description\":\"The Egyptian Center For Economic Studies\",\"publisher\":{\"@id\":\"https:\/\/eces.org.eg\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eces.org.eg\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/eces.org.eg\/#organization\",\"name\":\"ECES\",\"url\":\"https:\/\/eces.org.eg\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eces.org.eg\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/eces.org.eg\/wp-content\/uploads\/2022\/12\/eces-logo-blue-text-beside.png\",\"contentUrl\":\"https:\/\/eces.org.eg\/wp-content\/uploads\/2022\/12\/eces-logo-blue-text-beside.png\",\"width\":1794,\"height\":324,\"caption\":\"ECES\"},\"image\":{\"@id\":\"https:\/\/eces.org.eg\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/eces.org.eg\/#\/schema\/person\/7981d9621302fef3e6e0a1f65d658135\",\"name\":\"admin-eces-staging\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eces.org.eg\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/53bfa8ab3f374bc6d5f1b8efd03ab8a47e7162e412c1b93b788f5fe73e2927fd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/53bfa8ab3f374bc6d5f1b8efd03ab8a47e7162e412c1b93b788f5fe73e2927fd?s=96&d=mm&r=g\",\"caption\":\"admin-eces-staging\"},\"sameAs\":[\"https:\/\/eces.org.eg\"],\"url\":\"https:\/\/eces.org.eg\/en\/author\/admin-eces-staging\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead - ECES","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/","og_locale":"en_US","og_type":"article","og_title":"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead - ECES","og_description":"Abstract: This paper explains how the Egyptian monetary policy during the first half of the 1990s reduced macroeconomic imbalances and achieved economic stabilization. It also evaluates the recent pressures on the external position and the policy responses. On the basis of these findings, the paper identifies the challenges ahead, and takes a cursory look at [&hellip;]","og_url":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/","og_site_name":"ECES","article_published_time":"2001-01-02T11:15:00+00:00","article_modified_time":"2023-12-05T12:28:08+00:00","og_image":[{"width":1975,"height":2560,"url":"https:\/\/eces.org.eg\/wp-content\/uploads\/2023\/07\/W-P-51-En-scaled.jpg","type":"image\/jpeg"}],"author":"admin-eces-staging","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin-eces-staging","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#article","isPartOf":{"@id":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/"},"author":{"name":"admin-eces-staging","@id":"https:\/\/eces.org.eg\/#\/schema\/person\/7981d9621302fef3e6e0a1f65d658135"},"headline":"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead","datePublished":"2001-01-02T11:15:00+00:00","dateModified":"2023-12-05T12:28:08+00:00","mainEntityOfPage":{"@id":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/"},"wordCount":87,"commentCount":0,"publisher":{"@id":"https:\/\/eces.org.eg\/#organization"},"articleSection":["Working Papers"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/","url":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/","name":"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead - ECES","isPartOf":{"@id":"https:\/\/eces.org.eg\/#website"},"datePublished":"2001-01-02T11:15:00+00:00","dateModified":"2023-12-05T12:28:08+00:00","breadcrumb":{"@id":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/eces.org.eg\/en\/monetary-policy-and-financial-sector-reform-in-egypt-the-record-and-the-challenges-ahead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eces.org.eg\/"},{"@type":"ListItem","position":2,"name":"Monetary Policy and Financial Sector Reform in Egypt The Record and the Challenges Ahead"}]},{"@type":"WebSite","@id":"https:\/\/eces.org.eg\/#website","url":"https:\/\/eces.org.eg\/","name":"ECES","description":"The Egyptian Center For Economic Studies","publisher":{"@id":"https:\/\/eces.org.eg\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eces.org.eg\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/eces.org.eg\/#organization","name":"ECES","url":"https:\/\/eces.org.eg\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eces.org.eg\/#\/schema\/logo\/image\/","url":"https:\/\/eces.org.eg\/wp-content\/uploads\/2022\/12\/eces-logo-blue-text-beside.png","contentUrl":"https:\/\/eces.org.eg\/wp-content\/uploads\/2022\/12\/eces-logo-blue-text-beside.png","width":1794,"height":324,"caption":"ECES"},"image":{"@id":"https:\/\/eces.org.eg\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/eces.org.eg\/#\/schema\/person\/7981d9621302fef3e6e0a1f65d658135","name":"admin-eces-staging","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eces.org.eg\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/53bfa8ab3f374bc6d5f1b8efd03ab8a47e7162e412c1b93b788f5fe73e2927fd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/53bfa8ab3f374bc6d5f1b8efd03ab8a47e7162e412c1b93b788f5fe73e2927fd?s=96&d=mm&r=g","caption":"admin-eces-staging"},"sameAs":["https:\/\/eces.org.eg"],"url":"https:\/\/eces.org.eg\/en\/author\/admin-eces-staging\/"}]}},"_links":{"self":[{"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/posts\/20239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/comments?post=20239"}],"version-history":[{"count":6,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/posts\/20239\/revisions"}],"predecessor-version":[{"id":30824,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/posts\/20239\/revisions\/30824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/media\/30818"}],"wp:attachment":[{"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/media?parent=20239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/categories?post=20239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eces.org.eg\/en\/wp-json\/wp\/v2\/tags?post=20239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}