Series: Staff Discussion Notes
Author(s): Zsofia Arvai , Ananthakrishnan Prasad , and Kentaro Katayama
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2014
Keywords: Bahrain, Cooperation Council for the Arab States of the Gulf, Financial risk, Financial sector, Fiscal policy, Macroprudential Policy, Kuwait, Oman, Risk management, Saudi Arabia
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...