In Middle East and North Africa (MENA), state banks played a less important role in the recovery as compared to several countries in Latin America and South Asia, as well as China, where state banks played a counter-cyclical role. When private banks started circumscribing credit, state banks stepped in. The impact of this counter-cyclical role has been widely acknowledged. For example, a recent issue in the economist contained a lengthy article on...
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INFORMATION
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2010/07/01
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Fiche
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56753
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1
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1
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2010/09/27
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Disclosed
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The role of state banks in the MENA region
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state bank