Why Don’t Banks Lend to Egypt’s Private Sector?

Why Don’t Banks Lend to Egypt’s Private Sector?

Bank credit to Egypt's private sector decreased over the last decade, despite a recapitalized banking system and high rates of economic growth. Recent macro-economic turmoil has reinforced the trend. This paper explains the decrease based on c...

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Bibliographic Details
Main Authors:	Herrera, Santiago, Hurlin, Christophe, Zaki, Chahir
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ADVERSE SELECTION AGGREGATE DEMAND ALTERNATIVE FUNDING ALTERNATIVE USE ASYMMETRIC INFORMATION BALANCE SHEET BANK CREDIT BANK DEPOSIT BANK DEPOSITS BANK LENDING BANK POLICY BANKING CRISIS BANKING SECTOR BANKING SYSTEM BANKS BENCHMARK BENCHMARKING BENCHMARKS CAPITAL FLOWS CAPITAL INFLOW CAPITAL MARKETS CAPITAL OUTFLOW CASH HOLDINGS CENTRAL BANK CENTRAL BANK OF EGYPT COMMERCIAL LOAN CONSUMER PRICE CONSUMER PRICE INDEX CREDIT EXPANSION CREDIT GROWTH CREDIT MARKET CREDIT RATIONING CURRENCY ASSETS CURRENT ACCOUNT DEFICITS DEMAND CURVES DEMAND FOR CREDIT DEMAND FUNCTION DEMAND FUNCTIONS DEMAND GROWTH DEPENDENT VARIABLE DERIVATIVES DEVELOPMENT POLICY DISEQUILIBRIUM DISEQUILIBRIUM MODEL DISEQUILIBRIUM MODELS DOMESTIC CURRENCY ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC POLICY ELASTICITY ENDOGENOUS VARIABLES EQUATIONS EQUILIBRIUM CREDIT RATIONING ERROR TERM EXCESS DEMAND EXCESS SUPPLY EXOGENOUS VARIABLES EXPECTED RETURN EXPLANATORY VARIABLE EXPLANATORY VARIABLES FAIR FINANCIAL CRISIS FOREIGN ASSETS FOREIGN CURRENCY FOREIGN CURRENCY ASSETS FOREIGN LIABILITIES GDP GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GOVERNMENT ACCOUNTS GROWTH RATE GROWTH RATES INFLATION INFLATION RATE INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL RESERVES LEVY LIQUIDITY LOAN LOAN MARKET LOANABLE FUNDS LOCAL CURRENCY MACROECONOMIC CONTEXT MACROECONOMIC ENVIRONMENT MARKET CAPITALIZATION MIDDLE INCOME COUNTRIES MONETARY POLICY MONETARY TRANSMISSION MORAL HAZARD OPTIMIZATION PRICE ADJUSTMENT PRICE RIGIDITY PRIVATE CREDIT PRIVATE SECTOR CREDIT PUBLIC BANKS PUBLIC FINANCE RECAPITALIZATION SLOWDOWN STOCK MARKET STOCK MARKET INDEX SUBSTITUTE SUPPLY EQUATION SUPPLY EQUATIONS SUPPLY FUNCTION SUPPLY FUNCTIONS SUPPLY OF CREDIT SUPPLY SCHEDULES SUPPLY SIDE T-BILL T-BILL RATE T-BILL RATES TOTAL CREDIT TOTAL DEPOSITS TRANSMISSION MECHANISM TROUGH
Online Access:	http://documents.worldbank.org/curated/en/2012/06/16390713/dont-banks-lend-egypts-private-sector http://hdl.handle.net/10986/9308

Internet

http://documents.worldbank.org/curated/en/2012/06/16390713/dont-banks-lend-egypts-private-sector
http://hdl.handle.net/10986/9308