Debt Markets
Success and Failure of African Exporters
Using a novel dataset with transactions level exports data from four African countries (Malawi, Mali, Senegal and Tanzania), this paper uncovers evidence of a high degree of experimentation at the extensive margin associated with low survival rates, consistent with high and middle income country evidence.
How Resilient Were Emerging Economies to the Global Crisis ?
This paper studies the cross-country incidence of the 2008-2009 global crisis and documents a structural break in the way emerging economies responded to the global shock.
Bank Ownership and Performance in the Middle East and North Africa Region
Although both domestic and foreign private banks have gained ground in MENA in recent years, state banks continue to play an important role in many countries. Using a MENA bank-level panel dataset for the period 2001-08, the paper contributes to the empirical literature by documenting recent ownership trends and assessing the role of ownership and bank performance in MENA while accounting for key bank characteristics such as size and balance sheet composition.
A Review of Credit Guarantee Schemes in the Middle East and North Africa Region
This paper reviews the design of partial credit guarantee schemes in MENA, and assesses their preliminary outcomes.
