Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Gcc Banking Sector
Download The Gcc Banking Sector full books in PDF, epub, and Kindle. Read online The Gcc Banking Sector ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The GCC Banking Sector by : Abdullah Al-Hassan
Download or read book The GCC Banking Sector written by Abdullah Al-Hassan and published by International Monetary Fund. This book was released on 2010-04-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we analyze the evolution of the Gulf Cooperation Council (GCC) banking sectors in the six member countries including ownership, concentration, cross-border linkages, balance sheet exposures and risks, recent trends in credit growth, and financial soundness. We identify risks to the banking sector's financial stability in the context of the current global crisis and their mitigating factors.
Book Synopsis Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects by : Mr.Raphael A. Espinoza
Download or read book Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects written by Mr.Raphael A. Espinoza and published by International Monetary Fund. This book was released on 2010-10-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Impact of Oil Prices on the Banking System in the GCC by : Padamja Khandelwal
Download or read book The Impact of Oil Prices on the Banking System in the GCC written by Padamja Khandelwal and published by International Monetary Fund. This book was released on 2016-08-05 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression approach, it finds strong empirical evidence of feedback loops between oil price movements, bank balance sheets, and asset prices. Empirical evidence also suggests that bank capital and provisioning have behaved countercyclically through the cycle.
Book Synopsis Banking and Financial Systems in the Arab World by : P. Molyneux
Download or read book Banking and Financial Systems in the Arab World written by P. Molyneux and published by Springer. This book was released on 2016-01-13 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides state-of-the art analysis of banking and financial systems in the Arab world. The early chapters of the text present an overview of Arab economies linking banking and financial sector trends in the Arab world over the last twenty years. The rest of the text examines in detail the financial systems of the major Arab countries, focusing on banking sector and capital market developments. This text will be the first to provide a rigorous analytical evaluation of banking sector developments in the Arab world.
Book Synopsis Monetary Operations and Islamic Banking in the GCC by : Ms.Ritu Basu
Download or read book Monetary Operations and Islamic Banking in the GCC written by Ms.Ritu Basu and published by International Monetary Fund. This book was released on 2015-11-12 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assessment provides evidence of market segmentation across Islamic and conventional banks in the Gulf Cooperation Council (GCC), leading to excess liquidity, and an uneven playing field for Islamic banks that might affect their growth. Liquidiy management has been a long-standing concern in the global Islamic finance industry as there is a general lack of Shari’ah compliant instruments than can serve as high-quality short-term liquid assets. The degree of segmentation and bank behavior varies across countries depending on Shari’ah permissibility and the availability of Shari’ah-compliant instruments. A partial response would be to support efforts to build Islamic liquid interbank and money markets, which are crucial for monetary policy transmission through the Islamic financial system.This can be achieved, to a large extent, by deepening Islamic government securities and developing Shari’ah-compliant money market instruments.
Book Synopsis Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead by : Ms.May Y Khamis
Download or read book Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead written by Ms.May Y Khamis and published by International Monetary Fund. This book was released on 2010-07-21 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. by : Ms.May Y Khamis
Download or read book Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. written by Ms.May Y Khamis and published by International Monetary Fund. This book was released on 2010-03-12 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on impact of the global financial crisis on the Gulf Cooperation Council (GCC) Countries and challenges ahead. The oil price boom led to large fiscal and external balance surpluses in the GCC countries. However, it also generated domestic imbalances that began to unravel with the onset of the global credit squeeze. As the global deleveraging process took hold, and oil prices and production fell, the GCC’s external and fiscal surpluses declined markedly, stock and real estate markets plunged, credit default swap spreads on sovereign debt widened, and external funding for the financial and corporate sectors tightened. In order to offset the shocks brought on by the crisis, governments—buttressed by strong international reserve positions—maintained high levels of spending and introduced exceptional financial measures, including capital and liquidity injections. The immediate priority is to complete the clean-up of bank balance sheets and the restructuring of the nonbanking sector in some countries. Clear communication by the authorities would help implementation, ease investor uncertainty, and reduce speculation and market volatility.
Book Synopsis Gulf Cooperation Council Countries (GCC) by : International Monetary Fund
Download or read book Gulf Cooperation Council Countries (GCC) written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-12-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Financial systems in the GCC have developed significantly over the last couple of decades, but there appears to be further room for progress. The development of bank and equity markets has been supported by a combination of buoyant economic activity, a booming Islamic finance sector, and financial sector reforms. As a result, financial systems have deepened and, overall, the level of financial development compares well with emerging markets. However, it still lags advanced economies and, other than for Saudi Arabia, appears to be lower than would be expected given economic fundamentals, such as income levels. Financial development in the GCC has relied to a large extent on banks, while debt markets and nonbank financial institutions are less developed and access to equity markets is narrow. The non-bank financial institutions—pension funds, asset management and finance companies, and insurance—remain small. Domestic debt markets are underdeveloped. While equity markets appear to be well developed by market size, they are dominated by a few large (and often public-sector) companies. GCC countries have made progress on financial inclusion, but gaps remain in some important areas. Access to finance for SMEs, women, and youth, in particular, appears relatively low. This may partly reflect social norms, low levels of participation of women in the labor market and private sector activity, and the high level of youth unemployment. Further financial development and inclusion is likely to be associated with stronger economic growth in the GCC countries. While there is uncertainty surrounding the empirical estimates in the paper, further progress with financial development and/or inclusion is likely to go hand-in-hand with stronger growth. The growth benefits, however, are likely to vary across countries depending on the current level of financial development and inclusion. To realize these growth benefits, reforms to strengthen access to finance for SMEs, women, and youth are needed. Addressing institutional weaknesses and promoting financial sector competition would help boost access to finance for SMEs. Reforms to enhance financial literacy and improve SME governance structures and insolvency frameworks are critical. Other reforms encouraging female and youth employment and the use of emerging technologies in finance also appear promising. Additional reforms to foster financial development should focus on developing debt markets and making stock markets more accessible to a larger pool of companies and investors. To grow domestic debt markets, the authorities should develop a government yield curve, seek to increase market liquidity through secondary market trading, and ensure requirements for private issuance are not onerous. Stock market reforms should focus on enhancing corporate governance and investor protection, removing restrictions on foreign ownership, and encouraging financial market competition. The latter would also help the development of non-bank financial institutions."
Book Synopsis The Impact of Oil Prices on the Banking System in the GCC by : Padamja Khandelwal
Download or read book The Impact of Oil Prices on the Banking System in the GCC written by Padamja Khandelwal and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries? by : Mr.Olumuyiwa S Adedeji
Download or read book How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries? written by Mr.Olumuyiwa S Adedeji and published by International Monetary Fund. This book was released on 2019-12-06 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given their pegged exchange rate regimes, Gulf Cooperation Council (GCC) countries usually adjust their policy rates to match shifting U.S. monetary policy. This raises the important question of how changes in U.S. monetary policy affect banks in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of changing U.S. interest rates on GCC banks funding costs, asset rates, and profitability. We find stronger pass-through from U.S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks with relatively stable funding costs to explain these findings.
Book Synopsis Macroprudential Policy in the GCC Countries by : Ms.Zsofia Arvai
Download or read book Macroprudential Policy in the GCC Countries written by Ms.Zsofia Arvai and published by International Monetary Fund. This book was released on 2014-02-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: As undiversified commodity exporters, GCC economies are prone to pro-cyclical systemic risk in the financial system. During periods of high hydrocarbon prices, favorable economic prospects make the financial sector keen to lend, leading to higher domestic credit growth and easier access to external financing. Fiscal policy is a very important tool for macroeconomic management, but due to the significant time lags and expenditure rigidities, it has not been a flexible enough tool to prevent credit booms and the build-up of systemic risk in the GCC. This, together with limited monetary policy independence because of the pegged exchange rate, means that macro-prudential policy has a particularly important role in limiting systemic risk in the financial system. This importance is reinforced by the underdeveloped financial markets in the region that provide limited risk management tools and shortcomings in crisis resolution frameworks. This paper will discuss the importance of macro-prudential policy in the GCC countries, look at the experience with macro-prudential policies in the boom/bust cycle in the second half of the 2000s, and use the broad frameworks being developed in the Fund and elsewhere to discuss ways existing frameworks and policy toolkits in the region can be strengthened given the characteristics of the GCC economies.
Book Synopsis Financial Access and Stability by : The World Bank
Download or read book Financial Access and Stability written by The World Bank and published by World Bank Publications. This book was released on 2011-09-21 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth. The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to finance may remain restricted even with a full recovery of credit activity. Therefore, the region s countries face an ambitious reform agenda to revert two decades of relatively poor performance of output and employment growth. Financial development should be a central component of the region s growth agenda. This study reviews the region s financial systems, the severity of the limitations on access to finance, and the main factors behind such limitations. It goes on to provide a road map for expanding access and preserving financial stability.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557757128 Total Pages :60 pages Book Rating :4.7/5 (571 download)
Book Synopsis Financial Systems and Labor Markets in the Gulf Cooperation Council Countries by : International Monetary Fund
Download or read book Financial Systems and Labor Markets in the Gulf Cooperation Council Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-11-11 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume comprises two separate papers on key structural aspects of the reform process in the Gulf Cooperation Council countries. The first paper addresses issues related to financial intermediation and reform in the context of the evolving economic environment in the GCC countries. The second discusses the labor market challenges and policy issues in the GCC countries and their implications for the Middle East and North Africa (MENA) region.
Book Synopsis Gulf Cooperation Council (GCC)—Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC by : International Monetary Fund
Download or read book Gulf Cooperation Council (GCC)—Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and financial developments in the GCC economies are interwoven with oil price movements. GCC economies are highly dependent on oil and gas exports. Oil price upturns lead to higher oil revenues, stronger fiscal and external positions, and higher government spending. This boosts corporate profitability and equity prices and strengthens bank balance sheets, but can also lead to the buildup of systemic vulnerabilities in the financial sector. Banks in the GCC are well-capitalized, liquid, and profitable at present, and well-positioned to manage structural systemic risks. However, oil-macro-financial linkages mean that asset quality and liquidity in the financial system may deteriorate in a low oil price environment and financial sector stress may emerge. The scope for amplification of oil price shocks through the financial sector suggests a role for a countercyclical approach to macroprudential policies. Countercyclical macroprudential policy can prove useful to reduce the buildup of systemic risks in the financial sector during upswings, and to cushion against disruption to financial services during periods of financial sector stress. The GCC countries have considerable experience with implementing a wide range of macroprudential policies, but these policies have not generally been adjusted through the cycle. GCC central banks implemented several macroprudential measures before the global financial crisis and have continued to enhance their macroprudential frameworks and toolkits to limit systemic financial sector risks. Although there is some evidence of macroprudential tools being adjusted in a countercyclical way, most of the tools have not been adjusted over the financial cycle. Further enhancements to the GCC macroprudential framework are needed to support the countercyclical use of these policies. A comprehensive and established framework, supported by strong institutional capacity, is essential for countercyclical macroprudential policies. This framework should provide clear assignment of responsibilities and guidance on how policies will be implemented to maintain financial stability and manage systemic risks over the financial cycle. Addressing data gaps and the further development of reliable early warning indicators in signaling potential systemic stress are needed to help guide the countercyclical use of a broad set of macroprudential policies. Expanding the countercyclical policy toolkit and its coverage can help address emerging financial sector risks. The implementation of countercyclical capital buffers and dynamic loan loss provisions could boost resilience in line with systemic risks faced in GCC economies. At the same time, using existing macroprudential policies countercyclically would prove useful to address emerging financial sector risks in a more targeted way. Expanding the coverage of macroprudential tools to nonbanks can help boost effectiveness by reducing leakages.
Book Synopsis Handbook Of Banking And Finance In The Mena Region by : Khaled Hussainey
Download or read book Handbook Of Banking And Finance In The Mena Region written by Khaled Hussainey and published by World Scientific. This book was released on 2024-03-19 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to World Bank (2021), the economic recovery post-COVID-19 in the Middle East and North Africa (MENA) has been uneven and tumultuous. Reasons for this include exposure to oil-price fluctuations, the impact of pandemic, public demonstrations, and political instability. Although the MENA region encompasses a variety of countries — wealthy, stable and oil-rich countries such as Saudi Arabia and Qatar as well as less secure countries such as Iraq and Syria — it plays an important role in the global economy.Handbook of Banking and Finance in the MENA Region explores the trends in finance and banking of the MENA region, including theoretical and empirical perspectives from researchers around the globe. The first part of the book explores numerous reforms in the region's banking and finance, including digital technology, financial technology (fintech) and green finance. While financial inclusion in the Gulf Cooperation Council is much higher, the other countries in the MENA region have yet to overcome this trend, and the second part of the book provides specific case studies of ways in which banks have contributed to the region. The final section of the book considers macroeconomic factors and financial development. Together these perspectives enrich the discussion of facts and development challenges in the finance and banking of the MENA region as a whole.
Book Synopsis Financial Development and Growth in the Middle East and North Africa by : Ms.Susan Creane
Download or read book Financial Development and Growth in the Middle East and North Africa written by Ms.Susan Creane and published by International Monetary Fund. This book was released on 2003-09-05 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, the authors assess financial sector development in the MENA regionand propose several policy measures, which include reinforcing the institutional environment and promoting nonbank financial sector development, to enhance this sector’s performance.
Download or read book Oman written by Ananthakrishnan Prasad and published by International Monetary Fund. This book was released on 2010-03-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note assesses the impact of the global financial risks on Oman's banking system and highlights the remaining risks. It concludes that the liquidity and prudential measures introduced by the authorities mitigated the adverse effects of the crisis on the banking system. Banks continue to make profits despite higher provisioning. Stress tests confirm the resilience of the banking system to credit and market risks. Banks have limited exposure to derivatives and the majority of the off-balance sheet exposures are conventional and relatively secure. Interest rate risks are within an acceptable range.
