1. MP A
R
Munich Personal RePEc Archive
Impact of The global financial crisis on
the Egyptian economy
Alasrag, Hussien
January 2009
Online at http://mpra.ub.uni-muenchen.de/12604/
MPRA Paper No. 12604, posted 08. January 2009 / 16:15

2. Mobile (0020106237534)
E.Mail:hossien159@gmail.com
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4. The global financial crisis and its impact on the Egyptian
economy
Abstract
The world economy is currently going through a serious
financial upheaval that sparked off in the United States and has
spread to Europe and the rest of the world. the crisis has already
led to the collapse of influential banks and firms as well as to
recession in several countries, some consider such consequences
as just the tip of the iceberg and that the worst is yet to come.
This paper aims to study the current global financial crisis and
its impact on Egypt.To do so, it first presents an overview of the
causes and consequences of the current turbulence, followed by
an assessment of the depth of the crisis and its implications for
the Egyptian economy, including the financial sector, balance of
payments and the state budget. In addition, the paper highlights
the actions taken by the Egyptian government to cope with the
effects of the crisis on the Egyptian economy. and concludes
with some recommendations on steps to handle this crisis.
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Douglas W. Arner , Financial Stability, Economic Growth, and the Role
of Law. (New York, NY: Cambridge University Press, 2007).
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- Robert J. Shiller, The Subprime Solution: How Today's Global
Financial Crisis Happened and What to Do about It (Princeton, NJ:
Princeton University Press, 2008).
-George Soros, The New Paradigm for Financial Markets: The
Credit Crisis of 2008 and What It Means (New York: PublicAffairs,
2008).
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- Mark Zandi, Financial Shock: A 360 Look at the Subprime
Mortgage Implosion, and How to Avoid the Next Financial Crisis
(Harlow: Financial Times Prentice Hall, 2008).
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