The Saudi Arabian Monetary Agency, 1952-2016

1. Background to Saudi Arabia’s Financial Challenges
Ahmed Banafe, Rory Macleod

Part I. History

2. Discovery of Oil and the Founding of the Saudi Arabian Monetary Agency, 1902–1952
Ahmed Banafe, Rory Macleod

3. Financial Development before the First Oil Crisis, 1953–1974
Ahmed Banafe, Rory Macleod

4. Petrodollar Recycling and Saudization of the Banking System, 1975–1982
Ahmed Banafe, Rory Macleod

5. Declining Foreign Exchange Reserves and Iraq’s Invasion of Kuwait, 1983–1993
Ahmed Banafe, Rory Macleod

6. Low Oil Prices, Rising Government Debt and External Crises, 1994–2004
Ahmed Banafe, Rory Macleod

7. Impact of the Global Financial Crisis and Its Aftermath, 2005–2016
Ahmed Banafe, Rory Macleod

Part II. SAMA in the Modern World

8. The Future of Gulf Monetary Union
Ahmed Banafe, Rory Macleod

9. Foreign Exchange Reserves Management – SAMA’s Experience
Ahmed Banafe, Rory Macleod

10. Developing the Domestic Bond Markets
Ahmed Banafe, Rory Macleod

11. Currency Regime and Monetary Policy
Ahmed Banafe, Rory Macleod

12. SAMA and the International Monetary System
Ahmed Banafe, Rory Macleod

13. The Saudi Banking System
Ahmed Banafe, Rory Macleod

14. SAMA and the Future
Ahmed Banafe, Rory Macleod

Keywords: Finance, Public Finance, Financial History, Macroeconomics/Monetary Economics//Financial Economics, Middle Eastern and North African Economics