Using a Two-stage Least Square (TSLS) regression for cross-sectional observations of 197 countries for the year 2009, the study estimates the impact of: i) an improvement in the quality of governance on per capita income, and ii) an increase in per capita income on the quality of governance. In...

Policymakers and pundits have not shied away from using economic jargon while covering the United States' recent financial crisis. Language typically reserved for banking, finance, and economic policy experts has become commonplace. While the economic crisis has been widely covered, there is...

Due to the impact of COVID-19, it is important now more than ever to analyze the relationship between the improvement in digitization and the flow of remittances in order to fill the void that has come as a result of stay at home and quarantine orders. Using a comprehensive measure of...

This study revisits sovereign credit ratings, contagion and capital flows to Emerging Markets (EMs), and clarify the relationship between them. Specifically, this study analyzes how the changes in sovereign rating influence different types of capital flows to EMs and whether the changes in the...

The development of Egypt’s banking system can be traced back to the mid-19th Century, when the growth of the cotton industry and the opening of the Suez Canal led to an inflow of foreign capital (Caselli, 1980). In response, a few local banks were established in Egypt, including the National...

In this study, we analyze the effect of financial technology (FinTech) on a country’s ability to achieve the Sustainable Development Goals (SDGs) that relate to ameliorating extreme poverty by 2030. The study aims at analyzing the dynamic asymmetric relationship between FinTech adoption and...

The Egyptian telecommunication sector grew by 17% during the second quarter of the fiscal year 2020/21, the highest among all sectors in the economy, proven to be remarkably resilient in the face COVID-19 pandemic and the Delta variant. Using quarterly time-series dataset over the period 2000...

Purpose - Eradicating extreme poverty remains one of the most significant and challenging sustainable development goals (SDGs) in the Middle East and North African (MENA) region. The latest World Bank statistics from 2018 show that extreme poverty in MENA increased from 2.6% to 5% between 2013...