Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?

Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?

This paper estimates private sector credit cycles for most of the oil-importing and oil-exporting countries in the Middle East and North Africa. Credit cycles are the medium-term component in spectral analysis of real private sector credit growth....

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Bibliographic Details
Main Authors: Aghabarari, Leila, Rostom, Ahmed
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
ACCESS TO FINANCE
BUSINESS CYCLE
PRIVATE FINANCE
CREDIT CYCLE
Online Access:http://documents.worldbank.org/curated/en/553751574179796542/Credit-Cycles-in-Countries-in-the-MENA-Region-Do-They-Exist-Do-They-Matter
http://hdl.handle.net/10986/32671
id okr-10986-32671
recordtype oai_dc
spelling okr-10986-326712022-08-08T00:21:43Z Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter? Aghabarari, Leila Rostom, Ahmed ACCESS TO FINANCE BUSINESS CYCLE PRIVATE FINANCE CREDIT CYCLE This paper estimates private sector credit cycles for most of the oil-importing and oil-exporting countries in the Middle East and North Africa. Credit cycles are the medium-term component in spectral analysis of real private sector credit growth. In addition, the paper estimates the credit cycles for several Western countries and Japan. The analysis finds substantial differences and rare similarities between credit cycles in the Middle East and North Africa and developed countries. Over 1964-2017, credit cycles in the Middle East and North Africa do not appear to be associated with real gross domestic product growth. They only explain a fraction of the growth in private sector credit, and they do not seem to be synchronized across oil exporters and oil importers. 2019-11-21T20:18:11Z 2019-11-21T20:18:11Z 2019-11 Working Paper http://documents.worldbank.org/curated/en/553751574179796542/Credit-Cycles-in-Countries-in-the-MENA-Region-Do-They-Exist-Do-They-Matter http://hdl.handle.net/10986/32671 English Policy Research Working Paper;No. 9062 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Middle East and North Africa Middle East North Africa
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACCESS TO FINANCE
BUSINESS CYCLE
PRIVATE FINANCE
CREDIT CYCLE
spellingShingle ACCESS TO FINANCE
BUSINESS CYCLE
PRIVATE FINANCE
CREDIT CYCLE
Aghabarari, Leila
Rostom, Ahmed
Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?
geographic_facet Middle East and North Africa
Middle East
North Africa
relation Policy Research Working Paper;No. 9062
description This paper estimates private sector credit cycles for most of the oil-importing and oil-exporting countries in the Middle East and North Africa. Credit cycles are the medium-term component in spectral analysis of real private sector credit growth. In addition, the paper estimates the credit cycles for several Western countries and Japan. The analysis finds substantial differences and rare similarities between credit cycles in the Middle East and North Africa and developed countries. Over 1964-2017, credit cycles in the Middle East and North Africa do not appear to be associated with real gross domestic product growth. They only explain a fraction of the growth in private sector credit, and they do not seem to be synchronized across oil exporters and oil importers.
format Working Paper
author Aghabarari, Leila
Rostom, Ahmed
author_facet Aghabarari, Leila
Rostom, Ahmed
author_sort Aghabarari, Leila
title Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?
title_short Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?
title_full Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?
title_fullStr Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?
title_full_unstemmed Credit Cycles in Countries in the MENA Region—Do They Exist? Do They Matter?
title_sort credit cycles in countries in the mena region—do they exist? do they matter?
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/553751574179796542/Credit-Cycles-in-Countries-in-the-MENA-Region-Do-They-Exist-Do-They-Matter
http://hdl.handle.net/10986/32671
_version_ 1764477039494037504

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