impact of the global financial crisis on the gulf cooperation council countries and challenges ahead an update

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Impact Of The Global Financial Crisis On The Gulf Cooperation Council Countries And Challenges Ahead An Update

Author : Ms. May Y. Khamis
ISBN : 9781455287994
Genre : Business & Economics
File Size : 21. 21 MB
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Departmental papers are usually focused on a specific economic topic, country, or region. They are prepared in a timely way to support the outreach needs of the IMF’s area and functional departments.

Nonperforming Loans In The Gcc Banking System And Their Macroeconomic Effects

Author : Raphael A. Espinoza
ISBN : 9781455209828
Genre : Business & Economics
File Size : 38. 49 MB
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According to a dynamic panel estimated over 1995 - 2008 on around 80 banks in the GCC region, the NPL ratio worsens as economic growth becomes lower and interest rates and risk aversion increase. Our model implies that the cumulative effect of macroeconomic shocks over a three year horizon is indeed large. Firm-specific factors related to risk-taking and efficiency are also related to future NPLs. The paper finally investigates the feedback effect of increasing NPLs on growth using a VAR model. According to the panel VAR, there could be a strong, albeit short-lived feedback effect from losses in banks’ balance sheets on economic activity, with a semi-elasticity of around 0.4.

Bridging The Gulf Eu Gcc Relations At A Crossroads

Author : Silvia Colombo
ISBN : 9788868122843
Genre : Political Science
File Size : 62. 24 MB
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Relations between the European Union (EU) and the Gulf Cooperation Council (GCC) are at a crossroads. After the derailment of the negotiations for the Free Trade Agreement (FTA) in 2008, the cooperation between the two regional blocs has remained low-key in a number of different areas, while the unprecedented changes that have taken place in North Africa and the Middle East, the common neighbourhood of the EU and the GCC, have not led to a renewed, structured cooperation on foreign and security policy issues. This volume addresses the shortcomings and potential of EU-GCC relations by taking stock of their past evolution and by advancing policy recommendations as to how to revamp this strategic cooperation. In this light, it highlights the areas where greater room for manoeuvre exists in order to enhance EU-GCC relations, discusses the instruments available and sheds light on the features of the regional and international context that are likely to significantly influence the new phase in the mutual relation between the two blocs. The book is the result of the research conducted in the framework of the project ‘Sharaka – Enhancing Understanding and Cooperation in EU-GCC Relations’ co-funded by the European Commission.

The Euro The Dollar And The Global Financial Crisis

Author : Miguel Otero-Iglesias
ISBN : 9781317636755
Genre : Political Science
File Size : 32. 72 MB
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This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites. Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system. In this highly innovative and important book, Otero-Iglesias shows the importance of studying financial elites in Brazil, China and the GCC countries in order to understand the full impact, material and ideational, of the euro in the transformation of the IMS. It will be vital reading for students and scholars of International Political Economy, International Economics, International Finance, Economic History, Economic Sociology, International Relations, Comparative Political Economy and Comparative Politics.

The Macroeconomics Of The Arab States Of The Gulf

Author : Raphael Espinoza
ISBN : 9780191506741
Genre : Business & Economics
File Size : 29. 35 MB
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The economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labour force while capital inflows and financial development leveraged oil wealth to finance diversification. The collapse in real estate prices around the world followed by the global crisis slowed growth and raised questions on the appropriateness of what has been dubbed the 'GCC model'. The Gulf Cooperation Council (GCC) countries have thus far managed to leverage their large natural resource wealth to achieve economic prosperity and finance social advances, and the region also emerged as an important source of funds for the other countries in the Middle East. Nevertheless, the GCC face several challenges. Productivity growth must increase to fully reap the benefits of investment. Jobs must be created for the nationals and the growing youth population. State intervention (which is prevalent, given that oil revenues accrue to the government) must become efficient and be used to diversify and modernize the economy. In addition, the recent crisis highlighted the importance of fiscal, monetary, and financial stability policies to manage macroeconomic cycles. This book analyses these issues and combines data and econometric analysis with theoretical discussions. It concludes with a discussion of the importance of the GCC for the wider region.

Nominations Before The Senate Armed Services Committee First Session 111th Congress

Author :
ISBN : UOM:39015090376057
Genre :
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World Economic Outlook April 2006 Globalization And Inflation

Author : International Monetary Fund
ISBN : 1589065492
Genre : Business & Economics
File Size : 37. 10 MB
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The World Economic Outlook is the product of a unique international exercise in information gathering and analysis performed by IMF staff to guide key initiatives and to serve IMF member countries. Published at least twice a year in English, French, Spanish, and Arabic, the World Economic Outlook offers a comprehensive picture of the international economic situation and prospects for the future. With its analyses backed by the expertise and resources of over 1,100 IMF economists, the World Economic Outlook is the authoritative reference in its field. Today, even small economic fluctuations can trigger major financial swings. It’s vital to have the latest perspective on what’s happening and where it could lead in the coming months and years. The World Economic Outlook brings you that perspective, giving you analyses, forecasts, and figures you’ll use all year long.

Publications Catalog

Author : International Monetary Fund
ISBN : IND:30000085309478
Genre : International finance
File Size : 35. 40 MB
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Yemen On The Brink

Author : United States. Congress. House. Committee on Foreign Affairs
ISBN : PURD:32754081259032
Genre : Political Science
File Size : 80. 72 MB
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Standard Poor S Creditweek

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ISBN : UCLA:L0089652838
Genre : Investments
File Size : 60. 87 MB
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