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dc.contributor.advisorLooney, Robert
dc.contributor.authorMyers, Neil A.
dc.dateDecember 2011
dc.date.accessioned2012-08-22T15:33:08Z
dc.date.available2012-08-22T15:33:08Z
dc.date.issued2011-12
dc.identifier.urihttp://hdl.handle.net/10945/10659
dc.description.abstractThis thesis measured three aspects of the Coalition Provisional Authority's macroeconomic reforms for transitioning Postwar Iraq; the degree of Central Bank independence; the success of the currency exchange; and whether the program of shock therapy weakened macroeconomic reforms. The premise behind implementing liberal economic reforms in Iraq was that creating a market-oriented economy would increase internal stability and would integrate Iraq into the global economy. Moreover, an integrated Iraqi government would be less likely to engage in hostile action against its own population or its neighbors. This thesis scored the actual degree of Central Bank independence at .64 according to the most widely accepted measure established by Cukierman, Webb, and Neyapti. This thesis also proved the CBI effectiveness at targeting inflation, which is another indicator of central bank independence. The CPA's program of dinar consolidation unified Iraq's dual monetary system and helped erase Saddam's legacy of economic incompetence. The goal of shock therapy was to avoid the obstruction and interference that might have accompanied a protracted step-by-step approach. Rather than being rejected by a popular backlash or overturned by the Iraqi government, the CPS's macroeconomic reforms remain vital. Although these reforms did not resolve all the structural hurdles in the economy, this research finds that the CPA's neoliberal economic policies have created the necessary groundwork for the further development of independent macroeconomic institutions.en_US
dc.format.extentxvi, 55 p. : col. ill. ; 28 cm.en_US
dc.publisherMonterey, California. Naval Postgraduate Schoolen_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. As such, it is in the public domain, and under the provisions of Title 17, United States Code, Section 105, may not be copyrighted.en_US
dc.subject.lcshEconomics|xReform.en_US
dc.titleEvaluating the record of the coalition provisional authority's macroeconomic reforms in Iraqen_US
dc.contributor.secondreaderPorch, Douglas
dc.contributor.departmentNational Security Affairs (NSA)
dc.subject.authorCPA Iraq macroeconomic reform.;en_US
dc.description.serviceUS Navy (USN) authoren_US
etd.thesisdegree.nameM.A. in Security Studies (Middle East, South Asia, Sub-Saharan Africaen_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.disciplineSecurity Studies (Middle East, South Asia, Sub-Saharan Africaen_US
etd.thesisdegree.grantorNaval Postgraduate School (U.S.)en_US


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