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Volume :23 Issue : 89 1998      Add To Cart                                                                    Download

THE MONETARY POLICY AND ITS EFFECTIVENESS IN KUWAIT

Auther : By: Dr. El Sayesah I. Mustafa

 
 

This study was directed towards the accomplishment of two main objectives.

The first is to determine the major features, attitudes, goals and instruments of the monetary policy in Kuwait during the period from 1970 till the end of year 1994.  The second is to analyze and evaluate the performance of that policy and the effectiveness of its monetary tools in achieving each of its basic objectives.  The results of the analysis revealed that the policy and its tools were very efficient in achieving certain aims such as stabilizing the exchange rates of the Kuwaiti Dinar against the American Dollar.  However, the scale of its success in realizing other goals has differed from one period to another.  Some of the obstacles that face the policy makers in Kuwait are highlighted and a number of suggestions for better performance are presented at the end of the study.

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