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Bahrain''s financial sector development strategy succeeded in building a leading regional banking center, which has … that the banking sector in Bahrain continues to occupy a front-runner position among those in a sample of member countries … of the Gulf Cooperation Council, they also reveal that: (i) as expected, banks in Bahrain still lag behind their …
Persistent link: https://www.econbiz.de/10014400844
The Middle East and Central Asia's economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region's generally low living standards. Why? And is it possible to alter this course? This paper...
Persistent link: https://www.econbiz.de/10011281972
Persistent link: https://www.econbiz.de/10009615318
The COVID-19 pandemic has resulted in an unprecedented shock to firms with adverse consequences for existing productive capacities. At the same time, digitalization has increasingly been touted as a key pathway for mitigating economic losses from the pandemic, and we expect firms facing digital...
Persistent link: https://www.econbiz.de/10013170239
Gender budgeting uses fiscal policies to promote gender equality and women's advancement, but is struggling to take hold in the Middle East and Central Asia. We provide an overview of two gender budgeting efforts in the region-Morocco and Afghanistan. Achievements in these two countries include...
Persistent link: https://www.econbiz.de/10011715102
Persistent link: https://www.econbiz.de/10009423204
Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of the poor increases faster than consumption of the rich. The paper presents a simple accounting framework for a per-percentile consumption diagnostics that could inform...
Persistent link: https://www.econbiz.de/10012251293
This paper offers empirical evidence that greater financial inclusion of small and medium enterprises (SMEs) can promote higher economic growth and employment, especially in the Middle East and Central Asia regions. First, we show that countries with higher SME financial inclusion exhibit more...
Persistent link: https://www.econbiz.de/10012103763
Persistent link: https://www.econbiz.de/10010441729
Against the background of the theory of optimum currency areas, the paper analyzes possible sequences for establishing a currency union (CU) in the Middle East and Central Asia region. Between the corner solutions of independent currencies for all countries in the region and a CU comprising all...
Persistent link: https://www.econbiz.de/10014400279