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...

We examine the capital structure dynamics of Central and Eastern European firms to get a better understanding of the quantitative and qualitative development of the financial systems in this region. The dynamic model used endogenizes the target leverage as well as the adjustment speed. It is...

Although the global financial and economic crisis hurt economies worldwide, the economies at the southern Mediterranean rim have so far done well to weather this global hurricane. However, their economic growth has been slowing down and dependent upon their domestic policy reactions amongst...