Del 0 - Routledge International Studies in Money and Banking

Financial Markets of the Arab Gulf

Power, Politics and Money

Inbunden, Engelska, 2018

AvJean Francois Seznec,Samer Mosis

2 819 kr

Beställningsvara. Skickas inom 10-15 vardagar. Fri frakt för medlemmar vid köp för minst 249 kr.

Finns i fler format (1)

Häftad

829 kr

Skickas inom 10-15 vardagar

Financial markets across the Arabian Peninsula have gone from being small, quasi-medieval structures in the 1960s to large world-class groupings of financial institutions. This evolution has been fueled by vast increases in income from oil and natural gas. The Financial Markets of the Arab Gulf presents and analyzes the banks, stock markets, investment companies, money changers and sovereign wealth funds that have grown from this oil wealth and how this income has acted as a buffer between Gulf society at large and the newfound cash reserves of Gulf Cooperation Council states (Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain) over the last fifty years.By assessing the development of institutions like the Abu Dhabi Investment Authority, the Saudi Arabian Monetary Authority, the Public Investment Fund and the National Bank of Kuwait, The Financial Markets of the Arab Gulf evaluates the growth of the markets and provides a detailed, critical, snapshot of the current form and function of the Gulf’s financial markets. It argues that the markets have been controlled by various state institutions for socio-political reasons. In particular, the Saudi state has used its sophisticated regulatory regime to push for industrialization and diversification, which culminated in the Vision 2030 plan. The UAE, Qatar, Kuwait, Bahrain and Oman have also been strongly involved in establishing modern markets for similar purposes but have done so through different means, with varying results, and each in line with what has been considered their respective comparative advantages. Along with critically surveying these institutions and their role in global finance, the book also presents case studies depicting transactions typical to the region, including the highly profitable documentary credits of commercial banks, the financial scandal of certain financiers and their regulatory arbitrage between Bahrain and Saudi Arabia, a review of the Dubai’s trade miracle, and an assessment of the value and importance of the privatization of Saudi Aramco.

Produktinformation

Utgivningsdatum2018-11-06
Mått152 x 229 x 17 mm
Vikt454 g
FormatInbunden
SpråkEngelska
SerieRoutledge International Studies in Money and Banking
Antal sidor216
FörlagTaylor & Francis Inc
ISBN9780815380801

Tillhör följande kategorier

Finansiering inom Ekonomi och Ledarskap
Internationell ekonomi inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Dr. Jean-François Seznec is Senior Fellow, Center for Global Energy at the Atlantic Council, Adjunct Professor at Johns Hopkins School of Advanced International Studies and Managing Director at The Lafayette Group.Samer Joseph Mosis is a Senior Analyst with S&P Global Platts focusing on commodity markets. He previously was a Consultant for The Lafayette Group and holds a Masters Degree in International Economics from Johns Hopkins School of Advanced International Studies

A Short History of the Financial Markets in the GCC StatesThe Commercial BanksThe Islamic BanksThe Money ChangersThe Bahraini Offshore MarketThe Capital MarketsConclusion The Financial Markets of the United Arab Emirates Dubai versus Abu DhabiThe UAE’s Regulatory EnvironmentFree Trade ZonesThe Banking SectorSovereign Wealth FundsSWFs, Power Patronage and Asset OwnershipConclusion The Financial Markets of Saudi ArabiaSAMA and the Regulatory EnvironmentThe Capital MarketsThe State Controlled Financing CompaniesThe Money ChangersThe Commercial BanksConclusion The Financial Markets of Bahrain, Qatar, Kuwait and Oman4.1 The Financial Markets of BahrainThe Banking SectorThe Capital MarketsIslamic Financial Regulation: A New Niche?Bahrain’s Unique Natural ResourceConclusion4.2 The Financial Markets of QatarQatar’s Energy MarketsTrade and the EmbargoThe Banking SectorThe Capital MarketsThe Qatar Investment AuthorityConclusion4.3 The Financial Markets of KuwaitThe National AssemblyThe Capital MarketsThe Banking SectorSovereign Wealth FundsSWFs in Crises: The KIO and the Gulf WarConclusion4.4 The Financial Markets of OmanQaboos’s Elite BargainA New ChallengeNatural Resources and DiversificationThe Banking SectorThe Capital MarketsConclusion The Gulf States in Global Financial MarketsPhase 1: 1960-1985Phase 2 1985-Present2008: Shifting TonesLasting ChangeLooking East: Energy Investments in Asia and Southeast AsiaConclusion Case StudiesIntroduction6.1 The Saudi Aramco PrivatizationValuationTransparency through PrivatizationTo IPO, But Where?Conclusion6.2 Name Lending and the TIBC BankruptcyBackgroundRegulatory, Personality or Practice: Who is At Fault?ConclusionName Lending: A Primer6.3 Dubai as a Financial Safe HavenIndian Gold SmugglingIranian Trade LinksConclusion6.4 Documentary CreditsThe MechanicsProfitabilityConclusion Conclusion

Mer från samma författare

Industrialization in the Gulf

Jean-Francois Seznec, Mimi Kirk, USA) Seznec, Jean-Francois (The Center for Contemporary Arab Studies, Georgetown University, USA) Kirk, Mimi (Center for Contemporary Arab Studies, Georgetown University

Häftad

779 kr