01817cas a2200265 a 4500 AALejournalIMF016800 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361641 1018-5941 BD-DhAAL BD-DhAAL Prasad, Ananthakrishnan. Macroprudential Policy and Financial Stability in the Arab Region / Ananthakrishnan Prasad, Heba Abdel Monem, Pilar Garcia Martinez. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (57 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 Several characteristics of the structure of the Arab economies, their economic policy framework, and their banking systems make macroprudential policy a particular relevant tool. For most oil exporters, heavy reliance on the extractive sector for generating fiscal revenues and export earnings translates into increased vulnerabilities to oil price shocks. In the case of oil importers, relatively small external and fiscal buffers make them highly vulnerable to shocks. This paper discusses the experience of Arab countries in implementing macroprudential policies and contains recommendations to strengthen their macroprudential framework. Mode of access: Internet Abdel Monem, Heba. Garcia Martinez, Pilar. IMF Working Papers; Working Paper ; No. 2016/098 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/098/001.2016.issue-098-en.xml IMF e-Library