Joseph Bitar
Email: josephbitar@hotmail.fr
Joseph Bitar (PhD.) specializes in Financial and Monetary Economics. He holds a PhD from Sciences Po Bordeaux and a Master’s degree from the University of Paris 1 Panthéon-Sorbonne. He is known for his ground-breaking contributions to the study of dollarized monetary systems. He has several other scientific contributions in central banking, and banking theory and regulation. In his early career, Dr Bitar worked for five years in asset management, and for two years in investment banking at Société Generale in Paris. He taught economics and finance at leading French business schools and universities before joining the American University in Dubai as an assistant professor of economics. Joseph's fields of expertise include: Financial Economics - Monetary Economics - International Finance - Central Banking - Financial Regulation - Investment Banking - Asset Management - Financial Markets.
Papers Published in World Economics:
The International Liquidity Concept and Developing Economies’ Foreign Exchange Markets
The concept is introduced and its importance for macroeconomic analysis in developing and emerging economies is highlighted. International liquidity is defined as the sum of: i) Central bank’s gross international reserves, ii) Resident banks’ international liquid assets, iii) International currency notes held by resident agents. The paper discusses the unique characteristics of foreign exchange markets in developing and emerging economies, emphasizing their local nature. It is argued that the exchange rate in these economies is determined by the country’s international liquidity market.
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