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Institute of Financial Economics (IFE)
 
Working Papers

​​As part of its role in making available on going research, within and outside the university, related to economic issues of special concern to developing countries, the Institute  initiated in 2003, a series of guests lectures and working papers made available in print as well on its website (linked in Spring 2007 to the GDN website). The series has been steadily gaining recognition abroad.  While financial, monetary, and international economic issues form a major part of the Institute's work its research interests are not confined to these areas but extend to include other domains of relevance to the developing world (e.g. trade, development, and institutions) in the form of general analysis or country-specific studies.

These papers are presented online in Portable Document Format (PDF). They can be accessed below.

Lecture and Working Paper Series Series  

Series No. 4, 2016

Financial Exclusion and Stability in MENA Evidence from Poverty and Inequality.pdf

Simon Neaime 1 and Isabelle Gaysset 2 

​1 Professor of Economics and Finance, Institute of Financial Economics, American University of Beirut
2 Post-Doctoral Fellow, Institute of Fiancnial Economics, American University of Beirut

Series No.3, 2015

Transition from Autocracy to Democracy in Tunisia  
Mongi Boughzala  1 and  Saoussen Ben Romdhance  2
1 Al Manar University, Tunisia
2 University of la Manouba, , Tunisia

Series No.2, 2015
The Role of Capital Flows for Economic Development in the MENA Region 
Simon Neaime 1 and Marcus Marktanner 2
1 Professor of Economics, Institute of Financial Economics, American University of Beirut
2 Associate Professor of Economics, Institute of Fiancnial Economics, American University of Beirut

Series No. 1, 2015
On Transition, Democracy, and Socio -Economic Justice in the Arab World 
Samir Makdisi 1 
1 Professor Emeritus of Economics, and Senior Fellow Institute of Financial Economics, American University of Beirut

Series No. 1, 2014
Kuwaiti Democracy: Illusive or Resilient? 
Ibrahim Elbadawi 1 and Atif Kubursi 2
1 Research Fellow, Center for Global  Development, Washington DC, USA 
2 Department of Economics, McMaster University, Hamilton, Ontario, Canada

Series No. 1, 2013
Lebanon: The Legacy of Sectarian Consociationalism and the Transition to a Fully-Fledged Democracy 
Samir Makdisi 1 and Youssef El-Khalil 2
1 Professor Emeritus of Economics, and Senior Fellow Institute of Financial Economics, American University of Beirut
2 Bank du Liban

Series No. 1, 2012 - (Special Issue) 
Summaries of presentations made at a workshop organized jointly at AUB by the Institute of Fiancial Economics and the Konrad Adenauer Stiftung, May 6, 2011 

Series No. 1, 2011 
Remarks on Autocracies, Democratization and  Development in the Arab Region 
Samir Makdisi
Professor Emeritus of Economics and Senior Fellow, Institute of Financial Economics , American University of Beirut

Series No. 2, 2009
Development without Democracy in the Arab World
Samir Makdisi
Professor Emeritus of Economics and Senior Fellow, Institute of Financial Economics, American University of Beirut

Series No. 1, 2009
The Causes of Institutional Inefficiency: A Development Perspective
Jean-Philippe Platteua
Professor of Economics University of Namur, Belgium

Series No. 3, 2008
Initial Inequality and Protectionism: A Political-Economy Approach
Marcus Marktaner 1 and Nagham Sayour 2
1 Assistant professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut
2 Nagham Sayour is a Masters student of Financial Economics at AUB Department of Economics

Series No. 2, 2008
Twin Deficit in Lebanon:  A Time Series Analysis
Simon Neaime
Associate Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut

Series No. 1, 2008
Trapped by Consociationalism:  The Case of Lebanon  
Samir Makdisi 1 and Marcus Marktanner 2
1  Institute of Financial Economics, American University of Beirut
2 Assistant Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut

Series No. 4, 2007
Measurement of Financial Integration in the GCC Equity Markets:  A Novel Perspective 
Salwa Hammami 1 and Simon Neaime 2
1 Assistant Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut
2 Associate Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut

Series No. 3, 2007
Rebuilding without Resolution: The Lebanese Economy and State in the Post-Civil War Period
Samir Makdisi
Professor of Economics and Director, Institute of Financial Economics , American University of Beirut

Series No. 2, 2007
Horse Race of Utility-Based Asset Pricing Models:  Ranking through  Specification Errors
Salwa Hammami
Assistant Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut

Series No. 1, 2007
Returns to Education and the Transition from School to Work in Syria
Henrik Huitfeldt 1 and Nader Kabbani 2
1 Labour market specialist, the European Training Foundation, Torino
2 Assistant Professor of Economics, American University of Beirut

Series No. 3, 2006
From Rentier State and Resource Curse to Even Worse?
Marcus Marktaner 1 and Joanna Nasr 2
1 Assistant professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut
2 Joanna Nasr holds a Master of Arts in financial economics from AUB and is currently a graduate student at the London School of Economics and Political Science.

Series No. 2, 2006
Institutional Quality and Trade:  Which Institutions?  Which Trade?
Pierre-Guillaume Méon 1 and Khalid Sekkat 2
1 Associate professor of Economics, University of Brussels
2 Professor of Economics, University of Brussels

Series No. 1, 2006
Harsh Default Penalties Lead to Ponzi Schemes
Mário Rui Páscoa 1 and Abdelkrim Seghir 2
1 Faculdade de Economia, Universidade Nova de Lisboa, Campus de Campolide, 1099-032 Lisboa, Portugal
2 Assistant Professor of Economics, American University of Beirut

Series No. 2, 2005
Democracy and Development in the Arab World
Ibrahim A. Elbadawi 1 and Samir Makdisi 2
1 Lead economist, Development Economics Research Group (DECRG), The World Bank
2 Professor of Economics and Director, Institute of Financial Economics, American University of Beirut

Series No.1, 2005
Sovereign Credit Rating:  Guilty Beyond Reasonable Doubt?
Nada Mora
Assistant Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut

Series No.3, 2004
Portfolio Diversification and Financial Integration of MENA Stock Markets
Simon Neaime
Associate Professor of Economics and Fellow, Institute of Financial Economics, American University of Beirut


Series No.2, 2004
The Politics of Sustaining Growth in the Arab World: Getting Democracy Right
Ibrahim A. Elbadawi
Lead economist, Development Economics Research Group (DECRG), The World Bank


Series No.1, 2004
Exchange Rate Management within the Middle East and North Africa Region: The Cost to Manufacturing Competitiveness
Mustapha Nabli , Jennifer Keller, and Marie-Ange Veganzones, The World Bank

Series No.3, 2003
The Lebanese Civil War, 1975-1990
Samir Makdisi 1 and Richard Sadaka 2
1 Professor of Economics and Director of Institute of Financial Economics, American University of Beirut
2 Assistant Professor of Economics , American University of Beirut


Series No.2, 2003
Prospects for World Economy
Richard N. Cooper
Mauritz C. Boas Professor of International Economics, Harvard University


Series No.1, 2003
A Reexamination of the Political Economy of Growth in MENA Countries
Hadi Salehi Esfahani
Professor of Economics, University of Illinois at Urbana-Champaign


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