Economic Impact of Selected Conflicts in the Middle East What Can We Learn from the Past?

Using narrative-based country-case studies, war episodes in the Middle East were examined to assess their economic impact on conflict and neighboring economies. The paper found that conflicts led to a contraction in growth, higher inflation, large fiscal and current account deficits, loss of reserve...

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Bibliographic Details
Main Author: Sab, Randa
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 32 pages 
651 4 |a Iraq 
653 |a Inflation 
653 |a Foreign exchange reserves 
653 |a Short-term Capital Movements 
653 |a Industries: Financial Services 
653 |a Deflation 
653 |a Current Account Adjustment 
653 |a Balance of payments 
653 |a Currency 
653 |a Exports and Imports 
653 |a International economics 
653 |a Economic sectors 
653 |a Central banks 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a International reserves 
653 |a Banks and Banking 
653 |a Financial Institutions and Services: General 
653 |a Prices 
653 |a Macroeconomics 
653 |a Financial services industry 
653 |a Banking 
653 |a Exchange rates 
653 |a Economic History: Macroeconomics 
653 |a Monetary Policy 
653 |a Economic History: Government, War, Law, and Regulation: Asia including Middle East 
653 |a Foreign exchange 
653 |a Current account deficits 
653 |a Growth and Fluctuations: Asia including Middle East 
653 |a Financial sector 
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520 |a Using narrative-based country-case studies, war episodes in the Middle East were examined to assess their economic impact on conflict and neighboring economies. The paper found that conflicts led to a contraction in growth, higher inflation, large fiscal and current account deficits, loss of reserves, and a weakened financial system. Post-conflict recovery depended on the economic and institutional development of the country, economic structure, duration of the war, international engagement, and prevailing security conditions. The net economic impact on neighboring countries varied according to their initial economic conditions, number and income level of refugees they hosted, economic integration, and external assistance