Euro-Mediterranean Network for Economic Studies (EMNES)


EMNES seeks to provide a new vision for socio-economic development for the Southern Mediterranean, focused on employment creation, social inclusion, sustainable development, and regional integration. It is a regional project that includes European countries, Mediterranean, and African countries. EMNES was funded by the European Commission under Grant Contract N° ENPI/2014/354-488 from 2014-2019 with a budget of 2.5 Million EUR. EMENS continues to work with funding from the Euro-Mediterranean Economists Association.

The Euro-Mediterranean Network for Economic Studies (EMNES) is a network of research institutions and think tanks working on socio-economics policy in the Euro-Mediterranean.

EMNES builds on the research work of Euro-Mediterranean Economists Association ( and the Mediterranean Prospects Network (MEDPRO) (

EMNES research and outputs in underpinned on the four fundamental principles: Independence, Scientific Excellence, Policy Relevance and Deep Knowledge of Euro-Mediterranean Affaires will build a renewed vision for socio-economic development in the south Mediterranean countries, with a focus on employment creation, social inclusion, sustainable development and regional integration.

EMNES performs research activities, disseminated through series of internal and external publications (studies, working papers, policy papers, policy-graphics and books) and the organization of annual conferences, and policy workshop meetings to bring together leading researchers, policy makers and representatives of the civil society to discuss and debate optimal policies for the future of the region.

Key Resources

Key Resources Description

The link between financial development and sustainable economic growth is complex. The academic literature published on this topic in recent years finds that financial development contributes to growth up to a certain tipping point. Beyond this tipping point, financial development would make the overall system more fragile. The benefits of financial development and the level of the tipping point seem to vary between economies. Among the factors that contribute to the variance are the composition of the financial system (institutions and market based intermediation), access (financial inclusion) and efficiency (government interventions, allocation, etc.). The complexity of the relationship between financial development and economic growth requires the assessment of the factors affecting the relationship in order to determine the most effective policies. In this study, we provide an assessment of the various factors determining financial development in terms of the financial sector structure, contribution to the economy and financial inclusion in four countries mainly Egypt, Jordan, Morocco and Tunisia.

Additional Resources


  • Authors: Rym Ayadi and Willem Pieter de Groen (editors), Taghreed Hassoubaand Chahir Zaki (Egypt), Nooh Alshyab and Serena Sandri (Jordan), Idriss Elabbassi, Aziz Ragbi and Said Tounsi (Morocco), Soumaya Ben Khelifa, Olfa Benouda Sioud, Rania Makni and Dorra Mezzez Hmaied (Tunisia)
  • Year: 2018


  • Language(s): English
  • Number Of Pages: 80
  • Type Of Document: Report


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