A broad based consumption tax, such as a value added tax, is generally considered to be a regressive tax. This conclusion, however, has not taken into account the fact that in developing countries the commodities on which poor households spend most of their income, even if they are included in...

A broad based consumption tax, such as a value added tax, is generally considered to be a regressive tax. This conclusion, however, has not taken into account the fact that in developing countries the commodities on which poor households spend most of their income, even if they are included in...

Providing SMEs with access to external finance has been a major concern for many governments and international organizations for three decades. In recent years the experiences of emerging market countries suggest that a paradigm shift is taking place in SME finance. Particularly in fast-growing...

This study reports on the findings of a global survey of commercial banks with respect to their micro enterprise and small business financing activities. A sample of banks representing over sixty countries was examined in detail. Contrary to the general belief it is found that a large number of...

This study analyzes the demand for tourism services in North Cyprus and makes demand projections. The findings of the regression analysis shows that there is a positive relationship between the number of tourists staying in tourist accommodations in North Cyprus and the real national income of...

This study is the first empirical research on the performance of the Turkish Cypriot female entrepreneurs in North Cyprus. The research helps to identify the major factors affecting the performance of Turkish Cypriot female entrepreneurs both positively and negatively. Furthermore, it identifies...

The literature indicates that financial liberalization improves the efficiency of credit allocation by reducing credit rationing. This argument, based on the availability doctrine, states that financial liberalization increases the amount of investable funds; hence, reduces the number of loan...

The past decade has been marked by a significant increase in the involvement of transnational banks (TNBs) in developing countries. This paper examines the impact of foreign bank participation on the performance of domestic banks in Turkey. The findings suggest that foreign banks introduced...

The Republic of Kyrgyzstan introduced radical reforms to restructure its financial sector to accelerate the transformation of its centrally planned economy to a market-based economy. High interest rates charged on loans is one of the major financial problems for trade and industry sectors in...

The important role that an effective risk management system plays in ensuring banks’ profitability and continuity is widely proven. The Basel II guidelines, which will soon be applied internationally requires that banks and other financial institutions have a comprehensive risk management...