01935cas a2200241 a 4500 AALejournalIMF003238 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874389 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Financial Sector Development in the Middle East and North Africa. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (52 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Based on data collected on a wide range of financial sector indicators, new indices of financial development for countries in the Middle East and North Africa (MENA) are constructed, encompassing six themes: development of the monetary sector and monetary policy, banking sector development, nonbank financial development, regulation and supervision, financial openness, and institutional quality. The paper finds that the degree of financial development varies across the region. Some countries have relatively well-developed banking sectors and regulatory and supervisory regimes. However, across the region, more needs to be done to reinforce the institutional environment and promote nonbank financial sector development. Based on a subset of indicators, the MENA region is found to compare favorably with a few other regions, but it ranks far behind the industrialized countries and East Asia. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/201 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/201/001.2004.issue-201-en.xml IMF e-Library