Publication

This paper looks at challenges for the financial systems and the monetary policy regimes in southern Mediterranean countries after the crisis. It reviews some aspects of the financial systems and the design and implementation of monetary policy regimes by central banks in the southern Mediterranean countries in order to assess the scope for changes in these areas. To adequately frame the discussion, the economic performance of the region over the last few years –marked by the global financial crisis and the 'Arab Spring'– is also outlined.