Cross-Cultural Comparison of Credit Transfer Practices, Lending and Financial Inclusions in North America, Europe and the Middle East

摘要

Many events highlight the relationship between credit availability and aggregate output. Macroeconomic models and financial market conditions have major impacts on the world economy. In addition, these represent the responses to financial chunks that differ in developed countries like the United Kingdom, France, United Arab Emirates, Saudi Arabia, Canada and the United States. The impact of credit conditions is concerned, as well as the differences in the quality of banking supervision and the effectiveness of monetary policies in different parts of the world. The experience of developed countries sets an example of the integration process inevitably contributing to create an environment favorable for the development of the business sector and finance in general in the countries aspiring to integration to the global economy. In this research, I cover different elements to evaluate credit transfer practices, pricing and financial inclusion. I evaluate the countries’ gross domestic product (GDP), government regulations and the ways they overcome difficulties, as well as the expansion and inclusion of the Small and Medium Size Enterprises (SMEs), Partial Credit Guarantee Schemes (PCGs), along with culture, religion and behaviors.