الفهرس | Only 14 pages are availabe for public view |
Abstract The study aims to explore the economic effects of global financial crisis 2008 on sample of Euro-Mediterranean Countries, with assuming there are probabilities to achieve some kinds of cooperation between those countries to face the negative effects of global financial crisis. The study conclude that the 2008 crisis has negative effects on Euro-Mediterranean countries generally, while Euro-Med developing economies continued to show more sustainable growth for example Egypt and Jordan as developing countries study sample are slightly effected in the side of economic indicators during the period under study from (2007-2010); comparing with the developed countries like France and Italy. The differentiation of the effects mainly was due to the nature of developing financial markets which are bank based system. Overall concluding remark, the crisis illustrated the need to take a broader public finance approach towards prudential regulations to face future financial crises on all countries, especially after the failed of the Basel II accord to prevent the global financial crisis, which led to improve Basel II accord to become more efficient to avoid future financial crises through new version Basel III |