|
Showing 1 - 4 of
4 matches in All Departments
The Arab upheaval and the world's biggest financial crisis after
the Great Depression were almost simultaneous in their occurrence.
The Mediterranean economies now face a dual challenge of a
political and financial restructuring in the light of a shaky
economic pedestal on which they stand. In light of this
socio-political and economic shift in both inland and in world
markets, this book offers a thorough analysis on problems,
prospects and the way ahead for the financial integration of the
South-Mediterranean region. Several perspectives on financial
integration and policy recommendations are put forward from a
leading group of researchers specializing on the Mediterranean
region.
The Arab upheaval and the world's biggest financial crisis after
the Great Depression were almost simultaneous in their occurrence.
The Mediterranean economies now face a dual challenge of a
political and financial restructuring in the light of a shaky
economic pedestal on which they stand. In light of this
socio-political and economic shift in both inland and in world
markets, this book offers a thorough analysis on problems,
prospects and the way ahead for the financial integration of the
South-Mediterranean region. Several perspectives on financial
integration and policy recommendations are put forward from a
leading group of researchers specializing on the Mediterranean
region.
As large physical capital stock projects need long periods to be
built, a time-to-build specification is incorporated in factor
demand models. Time-to-build and adjustment costs dynamics are
identified since by the first moving average dynamics, whereas by
the latter autoregressive dynamics are induced. Empirical evidence
for time-to-build is obtained from data from the Dutch construction
industry and by the estimation result from the manufacturing
industry of six OECD countries.
Should South-Mediterranean economies continue their financial
integration in the world economy, considering their current stance
and in view of the experiences of developed economies with the
global financial crisis? The economies of the North-African rim,
that is Morocco, Algeria, Tunisia, Libya and Egypt have become more
exposed to the global economy during the decades 1990s and 2000s.
The same holds to some extent for the Middle Eastern economies
Palestine and Syria, while Jordan and Lebanon have become very open
economies. In light of the unprecedented developments in the
financial sectors of developed economies in the years 2008-2009 and
in view of the current political Arab upheaval, this study reviews
the pros and cons of financial integration. It analyses financial
integration indicators, as well as financial stability, and
compares the South-Mediterranean region with other regions
worldwide.
|
You may like...
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.