scholarly journals The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications

2009 ◽  
Author(s):  
Samya Beidas-Strom ◽  
Weicheng Lian ◽  
Ashwaq Maseeh
Keyword(s):  
Middle Eastern ◽  
Macroeconomic Policy ◽  
Policy Implications

scholarly journals The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications

2009 ◽  
Vol 09 (288) ◽  
pp. 1 ◽  
Author(s):  
Samya Beidas-Strom ◽  
Weicheng Lian ◽  
Ashwaq Maseeh ◽  
◽  
◽  
...  
Keyword(s):  
Middle Eastern ◽  
Macroeconomic Policy ◽  
Policy Implications

Basel III liquidity regulatory framework and bank liquidity creation in MENA countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anas Alaoui Mdaghri ◽  
Lahsen Oubdi
Keyword(s):  
Negative Impact ◽  
Middle Eastern ◽  
Policy Implications ◽  
Basel Iii ◽  
Bank Capital ◽  
Mena Region ◽  
Content Type ◽  
Dynamic Panel Model ◽  
Mena Countries ◽  
Coverage Ratio

Purpose This paper aims to investigate the potential impact of the Basel III liquidity requirements, namely, the net stable funding ratio (NSFR) and the liquidity coverage ratio (LCR), on bank liquidity creation. Design/methodology/approach The authors developed a dynamic panel model using the Quasi-Maximum Likelihood estimation on an unbalanced panel dataset of 129 commercial banks operating in 10 Middle Eastern and North African (MENA) countries from 2009 to 2017. Findings The results show that the NSFR significantly negatively affects liquidity creation. Similarly, the LCR exerts a substantial negative impact on the liquidity creation of the sampled MENA banks. These findings suggest that complying with both liquidity requirements tends to curtail liquidity creation. Moreover, further regression analysis of large and small bank sub-samples uncovered results similar to the overall MENA sample. Research limitations/implications The findings raise interesting policy implications and suggest a trade-off between the benefits of the financial resiliency induced by implementing liquidity requirements and the creation of liquidity essential for promoting economic growth in the region. Originality/value Most empirical research focuses on the relationship between bank capital and liquidity creation. To the knowledge, this paper is the first to provide empirical evidence on the effect of both the NSFR and LCR regulatory liquidity standards on bank liquidity creation in the MENA region.

Making Innovation Development Policies Work for MENA

2020 ◽  
pp. 1733-1757
Author(s):  
Mehtap Isik
Keyword(s):  
Middle Eastern ◽  
Policy Implications ◽  
Social Characteristics ◽  
North African ◽  
Innovation Development ◽  
Development Policies ◽  
Growth Prospects ◽  
Entrepreneurial Activities ◽  
Sustainable Economic Growth

This chapter analyzes the Middle Eastern North African economies' growth prospects and investigates the role of entrepreneurial activities in achieving sustainable economic growth and social development. It explores the existing macroeconomic, political and social characteristics of the region and brings the different literatures together to understand the policy implications of theory and practices. The chapter shows that entrepreneurial activities can cure a lot of problem in the region as long as supported by the central authorities, and the region has a strong potential to be used by the entrepreneurs.

scholarly journals Environmental Pollution a Negative Externality from China Pakistan Economic Corridor (CPEC): Policy implications for Pakistan

2020 ◽  
Vol 11 (3) ◽  
pp. 5-8
Author(s):  
Rehmat Karim ◽  
Faqeer Muhammad ◽  
Javed Akhter Qureshi ◽  
Naveed Razzaq ◽  
Akber Ali
Keyword(s):  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Environmental Pollution ◽  
South Asia ◽  
Direct Investment ◽  
Global Economy ◽  
Middle Eastern ◽  
Trade Openness ◽  
Policy Implications ◽  
The Impact

The China-Pakistan Economic Corridor (CPEC) isconsidered as the ‘flagship’ project of China’s Belt andRoad Initiative (BRI) and has been widely acclaimedby both Chinese and Pakistani officials often terming itas ‘game-changer’ to overcome Pakistan’s lingeringissues of energy and economic crisis. Within theframework of CPEC, China is investing more than 56billion US dollars as Foreign Direct Investment (FDI)in various energy and infrastructure projects includinga vast network of railways, highways, economic zonesand gas pipelines. While much has been debated andwritten about various projects under CPEC in theexisting academic discourses, vis-à-vis threats to thebiodiversity (Nabi et al., 2017), its potentialimplications to environmental hazards (Ali, 2018) andto overcome energy shortfall of Pakistan (Kugelman,2017). However, scientific study to reinforce the issuesof environmental pollution, particularly related toCEPEC coal-based energy projects have been stilllacking.The pertained literature on CPEC consisted qualitativestudies to inspect and judge different aspects such asimportance of CPEC for both countries and its effectson geo political of South Asia. Challenges for CPEC inPakistan, South Asia and foreign policy betweenChina-Pakistan), as Nan, (2015) explained that thisproject is not only valuable for Pakistan and China, butit is also beneficial for the global economy byincluding several other countries. Furthermore, Li andSun, (2015) and Irshad, etal, (2015) reported theimportance of CPEC and it long and short-termbenefits for both countries. Further, Hussain and Khan(2017) also stated that it will enhance the cooperationbetween two countries and advantageous for Chinese,Middle Eastern and South Asian people (Ali, 2016).Further, Wolf, (2017) explained the insights, potentialsand challenges concerning CPEC and domestic levelcooperation between China and Pakistan.In addition, quantitative studies focused to shed a lighton the impact of China Pakistan Economic Corridor(CPEC) (Such as, impact on gdp, socio-economy,trade, stock market, energy sector and infrastructure).CPEC will build rails and roads infrastructure andinfrastructure development may decrease the povertyand increases the agriculture development in Pakistan(Ahmed & Mustafa, 2016). Most recent articleexamined the impact of CPEC impact on energy(energy consumption and energy saving potential) inthe prospect of Pakistan (Mirza, Fatima, Ullah, 2019).A latest study surveyed in Pakistan and their researchresults shows that entrepreneur’s attitude andintentions to China and Pakistan Economic Corridor(CPEC) development is positive, it means CPECproject also designing an entrepreneurial environment(Kanwal et al., 2019).A large number of studies (Begum, etal., 2015; Ozturk,and Acaravci, 2010) have discussed various elementsand causes of CO2 emissions. Similarly, manyresearches (Khurshid, etal., 2018; Hadi, etal., 2018;Hussain, 2017; Hussain, 2015) on Pakistan-Chinarelations in the context of economy, society andgeopolitical point of view. Present study is aimed toinvestigate the CPEC development effects i.e. grossdomestic product (gdp), foreign direct investment (fdi),trade openness (top), energy consumption (enguse) onenvironmental pollution (CO2) in Pakistan usingFMOLS and DOLS methods.

scholarly journals An Analysis of the Social Factors that Resulted in the 2011 Social Unrest in Egypt, Integrated with a Personality Profiler of its Revolutionary Leadership

2018 ◽  
Vol 9 (2) ◽  
pp. 215-225
Author(s):  
John Karkazis ◽  
Georgios C. Baltos ◽  
Janis Balodis
Keyword(s):  
Social Factors ◽  
Eastern Mediterranean ◽  
Middle Eastern ◽  
Political Activism ◽  
Policy Implications ◽  
Social Unrest ◽  
The Social ◽  
Political Drama ◽  
Research Questions ◽  
Narrative Interpretation

AbstractAt the beginning of 2011, the majority of Egyptian citizens ended the thirty-year authoritarian regime of President Mubarak. From the full of celebrations day of 25th January Revolution till the beginning of July 2013 a lot of political drama overflowed the turbulent Egyptian society, leading to the overthrow of the first legitimately elected President M. Morsi. General Al-Sisi took over the presidential duties in 2014, and the whole world is still struggling to determine whose actions favor and which undermine the democracy and/or the interests of Egyptian people. In an effort to research the social factors that prepared and resulted in the political activism and unrest in Egypt over these latest years, this study has been developed on two main axes. The first one applies an analytical model focusing on the critical drivers towards social unrest, especially adjusted for the data referring to Eastern Mediterranean and Middle Eastern societal characteristics. The second axis then takes advantage of the model’s assessments and proceeds with the narrative interpretation of the facts through a personality profiler for M. Morsi. In this way the research questions meet answers, conclusions and policy implications that combine, in terms of political psychology, both personality-based approaches to politics as well as structural and institutional role constraints restricting the range of initiatives available for leadership decision making.

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