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International financial integration of Mediterranean economies : A bird’s-eye view

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  • Peeters, Marga
  • Sabri, Nidal Rachid

Abstract

In light of the unprecedented developments in the financial sectors of developed economies in the years 2008-2009 and in view of the current political Arab upheaval, this paper reviews the pros and cons of financial integration of the South-Mediterranean region. Our analyses includes Morocco, Algeria, Tunisia, Libya, Egypt, Palestine, Jordan, Lebanon and Syria. It focuses on financial integration indicators, as well as financial stability, and compares the South-Mediterranean region with other regions worldwide.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 38081.

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Date of creation: 27 Mar 2012
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Handle: RePEc:pra:mprapa:38081

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Keywords: financial integration; international finance; financial stability; international capital flows; stock exchanges; bond markets; cross-border banking; exchange rates;

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  7. Kar, Muhsin & Nazlıoğlu, Şaban & Ağır, Hüseyin, 2011. "Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis," Economic Modelling, Elsevier, vol. 28(1), pages 685-693.
  8. Sabri, Nidal Rachid & Peeters, Marga & Abulaben, Diama K., 2012. "The impact of exchange rate volatility on trade integration among North and South Mediterranean countries," MPRA Paper 38080, University Library of Munich, Germany.
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Cited by:
  1. Peeters, Marga, 2012. "Asymmetric demographic pressure in South-Mediterranean versus North-Mediterranean economies and its impact on international gross capital flows," MPRA Paper 39635, University Library of Munich, Germany.
  2. Sabri, Nidal Rachid & Peeters, Marga & Abulaben, Diama K., 2012. "The impact of exchange rate volatility on trade integration among North and South Mediterranean countries," MPRA Paper 38080, University Library of Munich, Germany.

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