LEADER 05930oam 22008175 450 001 9910822626103321 005 20200520144314.0 010 $a1-283-33171-3 010 $a9786613331717 010 $a0-8213-8856-8 024 7 $a10.1596/978-0-8213-8835-8 035 $a(CKB)2550000000064249 035 $a(EBL)799753 035 $a(OCoLC)767735875 035 $a(SSID)ssj0000536671 035 $a(PQKBManifestationID)12186290 035 $a(PQKBTitleCode)TC0000536671 035 $a(PQKBWorkID)10550864 035 $a(PQKB)11205699 035 $a(MiAaPQ)EBC799753 035 $a(Au-PeEL)EBL799753 035 $a(CaPaEBR)ebr10511679 035 $a(CaONFJC)MIL333171 035 $a(The World Bank)2011022680 035 $a(US-djbf)16805998 035 $a(EXLCZ)992550000000064249 100 $a20110602d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFinancial access and stability : $ea road map for the Middle East and North Africa /$fRoberto R. Rocha with Zsofia Arvai and Subika Farazi 210 1$aWashington, D.C. :$cWorld Bank,$dc2011. 215 $axxvi, 334 pages $cillustrations (some color) ;$d26 cm 225 0 $aMENA development report 300 $aDescription based upon print version of record. 311 $a0-8213-8835-5 320 $aIncludes bibliographical references. 327 $aContents; Foreword; Acknowledgments; Abbreviations; Overview; Main Objectives and Structure of This Report; The Region's Weak Growth and Employment Performance and Its Main Causes; The Region's Long-Run Growth Agenda and the Role of the Financial Sector; The Region's Excessively Bank-Based and Undiversified Financial Systems; Large Banking Systems but Poor Access Outcomes; Main Factors Limiting Access to Finance in the Region; A Roadmap for Expanding Access and Preserving Stability; Notes; References; Chapter One: Introduction 327 $aThe Main Lessons of the Global Financial Crisis for the Middle East and North Africa The Fragile Recovery and Long-Run Financial Development Agenda; Main Objectives and Approach of the Report; Building Blocks of the Report; Structure of the Report; Notes; References; Chapter Two: The Impact of the Global Financial Crisis and Regional Political Instability on Regional Financial Systems; Impact on Regional Equity and Bond Markets; Impact on Regional Banking Systems; Challenges to the Fragile Credit and Output Recovery; Notes; References 327 $aChapter Three: The Size and Structure of Regional Financial Systems A Bird's Eye View of MENA's Financial Systems; International Comparison of Financial Systems; Notes; References; Chapter Four: Do Financial Systems in the Region Provide Access?; Enterprise-Level Indicators of Access; Bank-Level Indicators of Access; Microcredit Outreach; Access to Other Financial Services; Notes; References; Chapter Five: Main Factors Limiting Access to Finance; Main Factors Hindering Access to Finance; Policy Interventions to Expand Access: Have They Been Effective?; Summing Up; Notes; References 327 $aChapter Six: Financial Infrastructure Credit Reporting Systems; Collateral Regimes; Insolvency Regimes; Notes; References; Chapter Seven: The Banking System: The Challenge of Expanding Access to Finance While Preserving Stability; Structure of MENA Banking Systems; Performance of Banking Systems; Resilience of Banking Systems; Main Regulatory and Supervisory Issues; Notes; References; Chapter Eight: Why Have Nonbank Financial Institutions Not Developed in the Region?; The Insurance Sector; Pension Funds; Mutual Funds; Leasing; Factoring; Notes; References; Chapter Nine: Capital Markets 327 $aFixed-Income Markets Equity Markets; Notes; References; Chapter Ten: An Agenda for Financial Development with Financial Stability; Main Elements of the Proposed Agenda; First Things First: Strengthening Financial Infrastructure; Strengthening Bank Competition; Developing Nonbanking Financial Institutions; Developing Capital Markets; Improving the Provision of Long-Term Finance; Improving the Effectiveness of Policy Interventions; The Financial Stability Agenda; Notes; References; Appendixes; A Statistical Benchmarking; B Stock Price Synchronicity; C Statistical Appendix; Boxes 327 $a1.1 Financial Reforms in the Middle East and North Africa 330 $aThe countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth.The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to 410 0$aWorld Bank e-Library. 606 $aFinance$zMiddle East 606 $aFinance$zAfrica, North 606 $aFinancial institutions$zMiddle East 606 $aFinancial institutions$zAfrica, North 606 $aBanks and banking$zMiddle East 606 $aBanks and banking$zAfrica, North 615 0$aFinance 615 0$aFinance 615 0$aFinancial institutions 615 0$aFinancial institutions 615 0$aBanks and banking 615 0$aBanks and banking 676 $a332.10956 700 $aRocha$b Roberto Rezende$0611838 701 $aA?rvai$b Zso?fia$01661477 701 $aFarazi$b Subika$01661478 712 02$aWorld Bank. 801 0$bDLC 801 1$bDLC 801 2$bDLC 906 $aBOOK 912 $a9910822626103321 996 $aFinancial access and stability$94017407 997 $aUNINA