Late 1990, Egypt witnessed major and radical changes in all areas of its national life— political, legal, economic and social—as a reflection of implementing an economic reform programme in order to achieve progress in its economic indicators. This paper aims to examine the extent to which...

The paper studies Egypt's financial structure and its relation to total factor productivity (TFP) during the 1974–2002 period. It first highlights Egypt's economic performance; and then focuses on the main features of its financial sector: the banking system and the securities market. The effect...