Co-edited by Rym Ayadi and Sami Mouley this book assesses the new challenges facing monetary policies and the independence of central banks. It explores regulatory convergence in banking and examines the impact of monetary policy and bank sector regulation on bank efficiency and economic growth in the Southern and Eastern Mediterranean. The analysis of this book shows how the conduct of monetary policy in conjunction with regulation can impact bank efficiency and economic growth. It could serve as a key manual for central banks and ministries of finance in developing countries to ensure that monetary policy and regulation are conducive to further growth and development.