An empirical investigation of the role of the Egyptian Banking sector in attenuating the virulence of financial crises
Author's Department
Economics Department
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https://doi.org/10.22495/cocv7i4sip3
Document Type
Research Article
Publication Title
Corporate Ownership and Control
Publication Date
1-1-2010
doi
10.22495/cocv7i4sip3
Abstract
The aim of this paper is to compare the relative efficacy of Egyptian public, private and foreign banks in alleviating adverse macroeconomic meltdowns inflicted by financial crises by employing the Pedroni Fully Modified Ordinary Least Squares (FMOLS) method. The research contrasts two financial reforms: the liberalization phase of 1991-2003 to the Banking Reform Plan (2004-2009). The results of the study reveal that financial reforms have rendered foreign and domestic private banks more efficient in enhancing credit flow to the real sector, whilst making state-owned banks more successful in mobilizing savings during financial crises.
First Page
14
Last Page
24
Recommended Citation
APA Citation
Abdel-Baki, M.
(2010). An empirical investigation of the role of the Egyptian Banking sector in attenuating the virulence of financial crises. Corporate Ownership and Control, 7(4), 14–24.
10.22495/cocv7i4sip3
https://fount.aucegypt.edu/faculty_journal_articles/519
MLA Citation
Abdel-Baki, Monal
"An empirical investigation of the role of the Egyptian Banking sector in attenuating the virulence of financial crises." Corporate Ownership and Control, vol. 7,no. 4, 2010, pp. 14–24.
https://fount.aucegypt.edu/faculty_journal_articles/519