The main objective of this paper is to investigate the effects of economic freedom and financial freedom on bank stability in 12 Middle-East and North Africa region countries during the period 2005–2020. Using an empirical approach based on the System Generalized Method of Moments, our results reveal that economic freedom, financial freedom, investment freedom and business freedom increase bank stability. A high degree of economic freedom promotes innovation and entrepreneurship and, hence, leads to economic growth and better banking stability. In contrary, we confirm that monetary freedom negatively affects bank stability. The same result was confirmed for the two sub-samples of Middle Eastern countries and North African countries.

本文的主要目的是调查2005-2020年期间中东和北非地区12个国家的经济自由和金融自由对银行稳定性的影响。使用基于系统广义矩法的实证方法，我们的结果表明，经济自由、金融自由、投资自由和商业自由可以提高银行的稳定性。高度的经济自由促进创新和创业，从而带来经济增长和更好的银行稳定性。相反，我们确认货币自由会对银行稳定性产生负面影响。中东国家和北非国家的两个子样本也得到了同样的结果。