Political Violence and Excess Liquidity in Egypt: A Note

نویسندگان

  • David Fielding
  • Anja Shortland
چکیده

In this paper we estimate a time-series model of excess liquidity in the Egyptian banking sector. While financial liberalization and financial stability are found to have reduced excess liquidity, these effects have been offset by an increase in the number of violent political incidents arising from conflict between radical Islamic groups and the Egyptian state. The link between political events and financial outcomes provides a rationale for economic policy interventions by the international community in response to increases in political instability. JEL Classification: G21, O16

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

How does Political Violence Affect Currency Substitution? Evidence from Egypt

In this paper we estimate a time-series model of the financial asset portfolio shares in Egypt, distinguishing between assets of varying degrees of liquidity and between domestic currency and foreign currency deposits. While financial liberalization and financial stability are found to have encouraged domestic residents to increase the share of their portfolio composed of domestic currency asse...

متن کامل

The Excess Liquidity of the Open Economy and its Management

 The excess liquidity of the open economy has become one main factor influencing the monetary markets, financial markets and even the whole macroeconomic. In era of the post-crisis, many countries have implemented the loose monetary policies, especially the quantitative easing policy in the U.S. which worsened the situation of the excess liquidity. Under this background, it will be more meaning...

متن کامل

پِرِه‌توریانیسم؛ الگویی نظری برای تبیین خشونت سیاسی در مصر پساانقلابی

After the revolution in Egypt in January 2011 took place, Hosni Mubarak was excluded from power and in free elections, Islamists and especially, Muslim Brotherhood could, with majority of votes, place on top of political power, but soon, the state and other social forces confronted each other, and finally, the army as the most organized and cohesive institution in Egyptian society, played the c...

متن کامل

Resource Mobilization Theory: Political Movement in Egypt

This paper discusses the application of the resource mobilization theory (RMT) to clarify the activities of certain key socio-political groups and movements in Egypt up till 2011. It contends that the political movements in the country have utilized information and communication technologies (ICTs) and social networks sites (SNSs) as a tool for mobilizing people and coordinating anti-regime act...

متن کامل

The Rise of the Military and the Prospects of Politico-Economic Developments in Egypt

Although the 2011 uprisings in Egypt led to the fall of Hosni Mubarak, they have not yet been able to change the nature of the country’s political system. A year after the country’s first non-military president took office, Egypt’s political situation became more or less similar to the way it had been before 2011. The structure of the relationship between the state and the society in Egypt, hig...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2002