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

References

• Abiad, A., Dell’Ariccia, G., & Li, B. (2011, March). Creditless recoveries (International Monetary Fund WP/11/58). Washington, DC.
   Google Scholar
• Abiad, A., & Mody, A. (2003). Financial reform: What shakes it? What shapes it? (International Monetary Fund WP 03/70). Washington, DC.
   Google Scholar
• Arellano, M. (2003). Panel data econometrics. Oxford: Oxford University Press.
   Google Scholar
• Bayoumi, T., & Melander, O. (2008). Credit matters; empirical evidence on U.S. macro-financial linkages (IMF Working Paper No. 08/169). Washington, DC.
   Google Scholar
• Bech, M., Gambacorta, L., & Kharroubi, E. (2012, September). Monetary policy in a downturn: Are financial crises special? (Bank of International Settlements, Working Paper No. 388). Basel, Switzerland.
   Google Scholar
• Beck, T., & Levine, R. (2004). Stock markets, banks, and growth: Panel evidence. Journal of Banking and Finance, 28(3), 423–442. doi: 10.1016/S0378-4266(02)00408-9
   Web of Science ®Google Scholar
• Ben Naceur, S., & Ghazouani, S. (2007). Stock markets, banks, and economic growth: Empirical evidence from the MENA region. Research in International Business and Finance, 21(2), 297–315. doi: 10.1016/j.ribaf.2006.05.002
   Google Scholar
• Bijsterbosch, M., & Dahlhaus, T. (2011, June). Determinants of credit-less recoveries (European Central Bank, Working Paper Series No. 1358). Frankfort, Germany.
   Google Scholar
• Bolton, P., Freixas, X., Gambacorta, L., & Mistrulli, P. (2013). Relationship and transaction lending in a crisis (BIS Working Papers, No. 417). Basel, Switzerland.
   Google Scholar
• Boyreau-Debray, G. (2003). Financial intermediation and growth – Chinese style (Policy Research Working Paper 3027, The World Bank). Washington, DC.
   Google Scholar
• Calvo, G., Izquierdo, A., & Talvi, E. (2006, March). Phoenix miracles in emerging markets: Recovering without credit from systemic financial crises (NBER Working Paper No. 12101). Cambridge, MA.
   Google Scholar
• Christopoulos, D., & Tsionas, E. (2004). Financial development and economic growth: Evidence from panel unit root and cointegration tests. Journal of Development Economics, 73, 55–74. doi: 10.1016/j.jdeveco.2003.03.002
   Web of Science ®Google Scholar
• Creane, S., Goyal, R., Mobarak, A., Mushfiq, A., & Sab, R. (2004, October). Financial sector development in the Middle East and North Africa (IMF Working Paper). Washington, DC.
   Google Scholar
• Demirgüç-Kunt, A., & Levine, R. (2008). Finance and economic opportunity (World Bank Policy Research Working Paper No. 4468). Washington, DC.
   Google Scholar
• Favara, G. (2003). An empirical reassessment of the relationship between finance and growth (IMF Working Paper No. 03/123). Washington, DC.
   Google Scholar
• Gambacorta, L., Yang, J., & Tsatsaronis, K. (2014, March). Financial structure and growth, Bank of International Settlements (Working Paper). Basel, Switzerland.
   Google Scholar
• Gray, S., Karam, P., & Turk-Ariss, R. (2014, May). Are banks really lazy? Evidence from Middle East and North Africa (IMF WP/14/86). Washington, DC.
   Google Scholar
• Habibullah, M. S., & Eng, Y. (2006). Does financial development cause economic growth? A panel data dynamic analysis for the Asian developing countries. Journal of the Asia Pacific Economy, 11(4), 377–393. doi: 10.1080/13547860600923585
   Google Scholar
• Kamal, M. (2013). Financial development and economic growth in Egypt: A re-investigation (MPRA Working Paper). Munich, Germany.
   Google Scholar
• King, R., & Levine, R. (1993). Finance and growth: Schumpeter might be right. Quarterly Journal of Economics, 108(3), 717–737. doi: 10.2307/2118406
   Web of Science ®Google Scholar
• Levine, R. (1997, June). Financial development and economic growth: Views and agenda. Journal of Economic Literature, XXXV, 688–726.
   Google Scholar
• Makdisi, S., Fattah, Z., & Limam, I. (2007). Determinants of growth in the MENA countries. In J. Nugent & H. Pesaran (Eds.), Explaining growth in the Middle East (pp. 31–60). Amsterdam: Elsevier.
   Google Scholar
• Manizheh, F., & Hook, L. S. (2013, September). The effect of financial development on economic growth in the MENA region. Journal of Economic Cooperation & Development, 34(3), 44–67.
   Google Scholar
• Soltani, H., & Maktouf, S. (2013). Financial development and economic growth case of the MENA region. Global Journal of Management and Business Research, 13(7), 35–39.
   Google Scholar
• Takáts, E., & Upper, C. (2013, July). Credit and growth after financial crises (Bank for International Settlements, Working Paper No. 416, Monetary and Economic Department). Basel, Switzerland.
   Google Scholar