Algeria : stabilization and transition to the market

목차 (Table of Contents)

• CONTENTS
• Preface = ⅶ
• Ⅰ Overview = 1
• Ⅱ The Setting of Economic Reform = 2
• Geographical, Historical, and Political Background = 2
• The Prereform Economic System = 3
• Reverse Oil Shock of 1986 and First Attempts at Reform = 4
• Policy Reversal of 1992-93
• Ⅲ Macroeconomic Stabilization and Structural Reforms Since 1994 = 8
• Objectives and Economic Policy Strategy = 8
• Realignment of Relative Prices and External Trade Liberalization = 8
• Macroeconomic Policies and Performance = 14
• Structural and Institutional Reforms = 15
• Ⅳ Fiscal Policy = 17
• Attempts at Fiscal Adjustment Prior to 1994 = 17
• Fiscal Adjustment Since 1994 = 20
• Revenue Developments = 21
• Expenditure Developments = 22
• Remaining Agenda for Fiscal Consolidation and Reform = 23
• Ⅴ Monetary Policy and Financial Sector Reforms = 29
• Background = 29
• Financial Sector Reforms in 1989-93 = 29
• Conduct of Monetary Policy Since 1994 = 32
• Shift to Indirect Instruments of Monetary Management = 33
• Interest Rate Deregulation = 33
• Foreign Exchange Management = 33
• Monetary Developments Since 1991 = 34
• Commercial Bank Restructuring Efforts = 36
• Agenda for Further Reforms = 38
• Ⅵ The Social Dimension of Adjustment = 42
• Unemployment = 42
• Dynamics of Unemployment = 43
• Reasons for Unemployment = 43
• Labor Market Reform = 44
• Overhauling the Social Safety Net = 45
• Subsidy Reform = 45
• Public Works Program = 47
• Reform of Unemployment Insurance = 47
• Housing Reform : Fostering a Market-Driven Supply Response = 48
• Restructuring the Housing Construction Sector = 50
• Reforming the Housing Rental Market = 51
• Revamping Housing Finance = 51
• Ⅶ External Sector Developments = 53
• Balance of Payments Developments = 53
• Developments Until 1994 = 53
• Developments Since 1994 = 54
• Trade Policy = 56
• Trade Policy and Reforms Prior to 1994 = 56
• Trade Reforms Since 1994 = 58
• Exchange Rate Policy and Exchange Restrictions = 58
• Exchange Rate Policy = 58
• Reform of the Exchange System = 59
• External Debt Burden and Critical Role of External Financing = 60
• Future Prospects = 61
• Ⅷ Achievements and Future Challenges = 63
• Future Challenges = 67
• Appendices
• Ⅰ Algeria's Hydrocarbon Sector : Evolution and Prospects = 70
• Ⅱ Dynamics of Unemployment = 81