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1. Background to Saudi Arabia's Financial ChallengesPART I: History2. Discovery of Oil and the Founding of the Saudi Arabian Monetary Agency 1902-52 3. Financial Development Before the First Oil Crisis 1953-744. Petrodollar Recycling and Saudization of the Banking System 1975-825. Declining Foreign Exchange Reserves and Iraq's Invasion of Kuwait 1983-93 6. Low Oil Prices, Rising Government Debt, and External Crises 1994-20047. Impact of the Global Financial Crisis and Its Aftermath 2005-16PART II: SAMA in the Modern World8. The Future of Gulf Monetary Union9. Foreign Exchange Reserves Management - SAMA's Experience10. Developing the Domestic Bond Markets11. Currency Regime and Monetary Policy12. SAMA and the International Monetary System13. The Saudi Banking System14. SAMA and the Futureiv>
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1. Background to Saudi Arabia's Financial ChallengesPART I: History2. Discovery of Oil and the Founding of the Saudi Arabian Monetary Agency 1902-52 3. Financial Development Before the First Oil Crisis 1953-744. Petrodollar Recycling and Saudization of the Banking System 1975-825. Declining Foreign Exchange Reserves and Iraq's Invasion of Kuwait 1983-93 6. Low Oil Prices, Rising Government Debt, and External Crises 1994-20047. Impact of the Global Financial Crisis and Its Aftermath 2005-16PART II: SAMA in the Modern World8. The Future of Gulf Monetary Union9. Foreign Exchange Reserves Management - SAMA's Experience10. Developing the Domestic Bond Markets11. Currency Regime and Monetary Policy12. SAMA and the International Monetary System13. The Saudi Banking System14. SAMA and the Futureiv>
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