This study focuses on the establishment of an Economic Community of West African States (ECOWAS) common currency. It examines the political problems such as sovereignty, political instability and the economic problems such as monetary and trade ties with the old metropoles as th…
Between the years 1941 and 1982, the Mexican banking system experienced unprecedented growth and remarkably sound management. Historically, however, it was a banking system that did not fulfill the real financial needs for the Mexican economy. The explanation of why this happene…
The thesis studies problems of capital accumulation in the context of 20th century Middle Eastern economic development. It examines three debates using the tools of quantitative economic analysis. Each chapter analyzes the determinants of capital accumulation under specific inst…
The high cost of extending financial services to the poor has long been a serious impediment to their economic advancement. One popular solution across time and space has been to lend to small groups of borrowers rather than individuals, using the social relations among group me…
This research is exploratory and is intended to help us understand the diverse interests and forces that helped shape various developments in the Nigerian banking industry, during the pre-independence era. The study investigates the activities of colonial banks in British Nigeri…
This dissertation analyzes the links between financial markets, tax evasion, and economic growth in India and Malaysia. First, it develops a theoretical model to capture the dynamic response of capital accumulation to changing financial structures within an economy. Testing the …
This dissertation looks at the success of financial deregulation from two perspectives. First, it attempts to determine whether the liberalization measures were successful in generating prices that are market determined--in that they fully reflect the supply and demand condition…
Kuwait and Saudi Arabia are two countries with extensive social, cultural and political similarities. However, their financial markets are very different. Kuwait's markets are very decentralized while those of Saudi Arabia are very centralized. In rentier authoritarian states, t…
“Little Manhattan,” the new international business and finance center of Istanbul, is the place where the dominant urbanization agenda, making Istanbul a world city, and the economic development agenda, financial liberalization, were strikingly articulated as two predominant dev…
In the next ten years, society will spend more than 20 billion on microfinance organizations (MFOs). Are MFOs the best way to help the poor? Will donors see MFOs as a good development gamble? Will MFOs reward workers well? Will investors buy MFOs and start new ones from scratch?…
The emergence of the global service economy has altered the flows of information and capital among the worlds nations. Electronic international banking networks now provide the economic infrastructure for the "global village" as millions of financial transactions are processed e…
To argue that banking cannot be done with the poor because they do not have collateral is the same as arguing that men cannot fly because they do not have wings. Muhammad Yanus Executive Director of Grameen Bank of Bangladesh This thesis attempts, first, to examine critically th…
Micro-credit--small amounts of collateral-free institutional loans extended to jointly liable group members for self-employment--was first introduced by the Grameen Bank of Bangladesh in the mid 1970s. The "programmatic success" of the Bank-recruitment of clients, investment of …
The objective of this study is to investigate credit risk mitigating techniques adopted by Bank Perkreditan Rakyats (People Credit Banks) in Indonesia. The study found that BPRs in general use the basic and simple banking practices in order to minimize the administrative cost, a…
Egyptian nationalism took on new life following World War One. Sad Zaghlul formed the Wafd party, with the near-singular aim of negotiating complete political independence from Britain. Other nationalists, such as Talat Harb and Ismail Sidqi, focused their energies on economic i…
This study probes the linkages between the institutional framework of an economy and the outcome of financial liberalization. It argues that institutions and institutional quality are crucial to avoiding the crises often precipitated by financial liberalization. This issue is ex…
This study consists of three papers on central banking policies. The first paper analyzes the policy rule for the last three Federal Reserve administrations. It is found that although the parameters characterizing the behavior of the private sector remain stable across the perio…
This study is a critique of the neoclassical monetarist approach to explaining episodes of high inflation. The monetarist approach is criticized from two perspectives: First, the monetary model employed is deficient in that it does not fully examine the consequences for money ho…
This research examines the pricing behaviors of futures contract in the Korean market in its early inception period. This research is mainly organized into three parts. The first chapter investigates the mispricing of futures contract relative to its theoretical value. Consisten…