The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In...

Recently several studies have used economic methodology to interpret and analyze terrorists behavior. This interdisciplinary endeavor is aimed at shedding as much light as possible on measures to eliminate one of the most dangerous problems facing the next decade. The paper suggests a set of...

Analyses from a banking regulation perspective the general experience of 23 countries that were initially listed as non‐cooperative countries and territories (NCCTs); this group did not meet some or most of the 25 criteria developed by the Financial Action Task Force (FATF) on money laundering...

Purpose – This paper aims to analyze the monetary consequences of the new restrictions imposed in February 2000 by the Financial Action Task Force (FATF) on money laundering. FATF established 25 criteria based on its 40 recommendations (currently 49) to combat money laundering and the...

After reviewing the theoretical and empirical literature on currency substitution, a model is used in this chapter to empirically examine the state of dollarization in Middle East and North African countries, using Lebanon and Egypt as case studies. For Lebanon, despite the decline in...

Purpose: The purpose of this study is to examine the efficacy of various policy options for curbing the accumulation of illegal wealth and suggest ways to close the increasing wealth inequality gap. Design/methodology/approach: The paper begins with a historical/literary analysis of the place...