IDEAS home Printed from https://ideas.repec.org/a/taf/rmdjxx/v9y2017i1p116-126.html
   My bibliography  Save this article

Are banks effective in the economic recovery from the Arab Spring?

Author

Listed:
  • Mahmoud Haddad
  • Sam Hakim

Abstract

We analyze the role of banks in Bahrain, Egypt, Libya, Tunisia, and Yemen, pre- and post-revolution, 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 which 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 facilitate an economic recovery, and suggest that a monetary policy focused on bank credit alone may not be successful.

Suggested Citation

  • Mahmoud Haddad & Sam Hakim, 2017. "Are banks effective in the economic recovery from the Arab Spring?," Middle East Development Journal, Taylor & Francis Journals, vol. 9(1), pages 116-126, January.
    • Handle: RePEc:taf:rmdjxx:v:9:y:2017:i:1:p:116-126
    DOI: 10.1080/17938120.2017.1288476
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17938120.2017.1288476
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17938120.2017.1288476?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sami Al-Kharusi & Azmat Gani, 2022. "Financial Credit and Expansion of the Non-Hydrocarbon Sector in Gulf Cooperation Council Countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 28(3), pages 105-118, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rmdjxx:v:9:y:2017:i:1:p:116-126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rmdj .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.