{"id":20674,"date":"2003-02-04T06:24:00","date_gmt":"2003-02-04T06:24:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=20674"},"modified":"2024-01-22T12:01:17","modified_gmt":"2024-01-22T12:01:17","slug":"%d8%aa%d8%b7%d9%88%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b3%d8%a9-%d8%a7%d9%84%d9%86%d9%82%d8%af%d9%8a%d8%a9-%d9%81%d9%8a-%d8%ac%d9%85%d9%87%d9%88%d8%b1%d9%8a%d8%a9-%d9%85%d8%b5%d8%b1","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/%d8%aa%d8%b7%d9%88%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b3%d8%a9-%d8%a7%d9%84%d9%86%d9%82%d8%af%d9%8a%d8%a9-%d9%81%d9%8a-%d8%ac%d9%85%d9%87%d9%88%d8%b1%d9%8a%d8%a9-%d9%85%d8%b5%d8%b1\/","title":{"rendered":"Monetary policy in Egypt: A Vision for the Future"},"content":{"rendered":"\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>This paper reviews historical developments of monetary policy in Egypt over the last two decades and offers a new vision for the future. The analysis covers the monetary regime prior to the reforms of the early 1990s, as well as the post-reform era until now. The main features of the new monetary policy involve a major shift from using the exchange rate as a nominal anchor to inflation-targeting and increasing reliance on indirect instruments. The study stresses that the success of the new policy hinges on a number of factors, including central bank operational independence, policy transparency, and accuracy and timeliness of information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract: This paper reviews historical developments of monetary policy in Egypt over the last two decades and offers a new vision for the future. The analysis covers the monetary regime prior to the reforms of the early 1990s, as well as the post-reform era until now. The main features of the new monetary policy involve [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-20674","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 in Egypt: A Vision for the Future - 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\/\u062a\u0637\u0648\u0631\u0627\u062a-\u0627\u0644\u0633\u064a\u0627\u0633\u0629-\u0627\u0644\u0646\u0642\u062f\u064a\u0629-\u0641\u064a-\u062c\u0645\u0647\u0648\u0631\u064a\u0629-\u0645\u0635\u0631\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monetary policy in Egypt: A Vision for the Future - ECES\" \/>\n<meta property=\"og:description\" content=\"Abstract: This paper reviews historical developments of monetary policy in Egypt over the last two decades and offers a new vision for the future. 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