Herrala, Risto; Turk Ariss, Rima - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
The Arab Spring is a clear indicator of the urgency of achieving inclusive growth and ensuring job creation in the Middle East and North Africa (MENA) region, where private sector development is still hindered by limited access to credit. Following Kiyotaki and Moore's (1997) seminal model, we...