Political Violence and Excess Liquidity in Egypt
研究了埃及银行业超额流动性的时间序列模型，发现金融自由化和稳定降低了超额流动性，但激进伊斯兰组织与国家的暴力冲突抵消了这些效果。
In this article we estimate a time-series model of excess liquidity in the Egyptian banking sector. While financial liberalisation and financial stability are found to have reduced excess liquidity, these effects have been offset by an increase in the number of violent political incidents arising from conflict between radical Islamic groups and the Egyptian state. The link between political events and financial outcomes provides a rationale for economic policy interventions by the international community in response to increases in political instability.