Recent empirical evidence shows that financial development in the Southern and Eastern Mediterranean Countries (SEMCs) is lagging behind. The exclusion of a substantial part of households and micro, small and medium-sized enterprises (MSMEs) from financial…
In a changing regulatory context and evolving market structures, bank business models (BBM) analysis emerged as a policy tool to better understand the nature of risk attached to banks and the relative contribution of each…
The link between financial development and sustainable economic growth is complex. The academic literature published on this topic in recent years finds that financial development contributes to growth up to a certain tipping point. Beyond…
The Arab Spring, which took root in Tunisia and Egypt in the beginning of 2011 and gradually spread to other countries in the southern Mediterranean, highlighted the importance of private-sector development, job creation, improved governance…
Nov 10 2013
Paving the Way for Micro-, Small- and Medium-Sized Enterprises in the Southern Mediterranean
Notwithstanding their essential contribution to innovation, job creation and local development, MSMEs across the southern Mediterranean are confronted with a number of problems that hamper their growth. Ayadi & De Groen (2013) assessed what is…
The 2007-09 global financial crisis led to a virtual collapse in economic activity and increased financial volatility worldwide. For the developing countries, the main channel of transmission has been a drop in external transactions, such…