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Strengthening Monetary Policy Frameworks in the Caucasus and Central Asia
Amidst a global backdrop of persistent post-COVID inflation and spillovers from Russia’s war in Ukraine, the countries of the Caucasus and Central Asia (CCA) region have faced strong price pressures in recent years. Inflation is estimated to have peaked in early 2023, but still exceeds central bank targets. In particular, core inflation remains stubbornly high reflecting a combination of second-round effects, surges in global energy and food prices, and domestic demand pressures. More broadly, uncertainty and downside risks also weigh on the economic outlook, including due to regional tensions, financial turmoil related to international monetary policy normalization, and a growth slowdown ...
Iran's Troubled Modernity
Mirsepassi uses interviews with thirteen individuals to relate the colourful life and times of Ahmad Fardid and his intellectual legacy.
Mullahs, Guards, and Bonyads
The U.S. ability to "read" the Iranian regime and formulate appropriate policies has been weakened by lack of access to the country and by the opacity of decisionmaking in Tehran. To improve understanding of Iran's political system, the authors describe Iranian strategic culture; investigate Iran's informal networks, formal government institutions, and personalities; assess the impact of elite behavior on Iranian policy; and summarize key trends.
Journalism in Iran
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The Iranian Nuclear Crisis
The first detailed Iranian account of the diplomatic struggle between Iran and the international community, The Iranian Nuclear Crisis: A Memoir opens in 2002, as news of Iran's clandestine uranium enrichment and plutonium production facilities emerge. Seyed Hossein Mousavian, previously the head of the Foreign Relations Committee of Iran's Supreme National Security Council and spokesman for Tehran's nuclear negotiating team, brings the reader into Tehran's private deliberations as its leaders wrestle with internal and external adversaries. Mousavian provides readers with intimate knowledge of Iran's interactions with the International Atomic Energy Agency and global powers. His personal sto...
The Rise of the Pasdaran
Examines the broad-ranging domestic roles of Iran's Islamic Revolutionary Guards Corps, assessing its influence over Iran's political culture, economy, and society and its ability to shape the political future of the Islamic Republic of Iran.
Women's Rights in the Middle East and North Africa
Freedom HouseOs innovative publication WomenOs Rights in the Middle East and North Africa: Progress Amid Resistance analyzes the status of women in the region, with a special focus on the gains and setbacks for womenOs rights since the first edition was released in 2005. The study presents a comparative evaluation of conditions for women in 17 countries and one territory: Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine (Palestinian Authority and Israeli-Occupied Territories), Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. The publication identifies the causes and consequences of gender inequality in the Middle East, and pro...
The Shifts in Hizbullah's Ideology
Analyses of the political and ideological transformation of Hizbullah.
Recovery Determinants of Distressed Banks
Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant. With the benefit of hindsight, we exclude banks that eventually exit the market due to restructuring mergers. Our results remain intact, thus providing no evidence of "bad" bank selection for intervention purposes on the side of regulators. More transparent publication requirements of public incorporation that indicate more exposure to market discipline are barely or not at all significant. Increasing earnings and cleaning credit portfolios are consistently of importance to increase recovery likelihood, whereas earnings growth accelerates the timing of recovery. Macroeconomic conditions also matter for bank recovery. Hence, concerted micro- and macro-prudential policies are key to facilitate distressed bank recovery.
After Khomeini
For Iran the years since Ayatollah Khomeini's death have been dominated by the need for political consolidation and economic reconstruction. The book assesses the critical dilemmas of the regime both previous to and since the demise of its first spiritual leader. The vital issues of political succession and constitutional reform are addressed, contributing to an analysis of the structures and politics of power. How these have reflected upon economic policy is considered with close atttention being given to the reform policies of Rafsanjani. Foreign policy and security issues are discussed in both regional and global terms and include a study of Iranian defence strategy and its controversial ...
