Can banks lead the economic recovery of the Arab Spring ?

Joint Authors

al-Hakim, Sam
Haddad, Mahmud

Source

Economic Research Forum : Working Paper Series

Issue

Vol. 2015, Issue 901-975 (31 Dec. 2015), pp.1-11, 11 p.

Publisher

Economic Research Forum for the Arab Countries Iran and Turkey

Publication Date

2015-12-31

Country of Publication

Egypt

No. of Pages

11

Main Topic

Economy
Banking and Financial Sciences

Topics

Abstract EN

We analyze the role of banks in Bahrain, Egypt, Libya, Tunisia, and Yemen, pre-and postrevolution, and find that the volume of credit they offered to the private sector was neutral to real economic growth.

Supported by a recent IMF study that ranks banking regulation and supervision “poor” or “below- average” in four out of the five countries under study, we attribute the limited effectiveness of their banks to government intervention in credit allocation and pricing.

Our results cast doubt on the banks’ ability to lead an economic recovery, and suggest that monetary policy alone will not be successful within the first three years.

American Psychological Association (APA)

Haddad, Mahmud& al-Hakim, Sam. 2015. Can banks lead the economic recovery of the Arab Spring ?. Economic Research Forum : Working Paper Series،Vol. 2015, no. 901-975, pp.1-11.
https://search.emarefa.net/detail/BIM-630961

Modern Language Association (MLA)

Haddad, Mahmud& al-Hakim, Sam. Can banks lead the economic recovery of the Arab Spring ?. Economic Research Forum : Working Paper Series No. 901-975 (Dec. 2015), pp.1-11.
https://search.emarefa.net/detail/BIM-630961

American Medical Association (AMA)

Haddad, Mahmud& al-Hakim, Sam. Can banks lead the economic recovery of the Arab Spring ?. Economic Research Forum : Working Paper Series. 2015. Vol. 2015, no. 901-975, pp.1-11.
https://search.emarefa.net/detail/BIM-630961

Data Type

Journal Articles

Language

English

Notes

Includes appendices : p. 9-11

Record ID

BIM-630961