Titlebook: Economic and Social Development of the Southern and Eastern Mediterranean Countries; Rym Ayadi,Marek Dabrowski,Luc De Wulf Book 2015 Sprin

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Transport Infrastructuretries of a similar per capita GDP will be costly but worthwhile. The annual investment cost would be between at least 0.9?% of GDP and up to 4.5?% of GDP. As a result, the trade balance of the SEMC would improve between 5.4?% and 17.2?%, although some countries would continue to have a deficit. The

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Information and Communication Infrastructurement. In recent years, most SEMC opened up their markets for multiple players, which has greatly enhanced competition and increased the number and quality of services. However, compared with the rest of the world, the region still lags behind. Yet this could change fairly rapidly as more countries a

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Determinants of Financial Development Across the Mediterranean them as funding opportunities to private enterprises. Using a sample of both EU-MED and SEMC for the years 1985–2009, we empirically assess the reasons underlying such conditions. The results show that strong legal institutions, good democratic governance and adequate implementation of financial re

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Convergence of Banking Regulationnd lack of legal rights. Deposit insurance systems in many of the SEMC are not explicit, leading to uncertainties in the provision of support to banks in case of default. Most of these banking systems do not align the banks’ incentives in risk-taking with those of taxpayers by implementing risk-base

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Financial Development, Bank Efficiency, and Economic Growth Across the Mediterraneanfects of both quantity and quality. Credit to the private sector and bank deposits are negatively associated with growth, which suggests deficiencies in credit allocation as well as weak financial regulation and supervision. Stock market size and liquidity play a role in growth, especially when acco