Browse

Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries »

Volume/Issue: 2014/10

Series: Staff Discussion Notes

Author(s): Maria Albino-War , Svetlana Cerovic , Francesco Grigoli , Juan Flores , Javier Kapsoli , Haonan Qu , Yahia Said , Bahrom Shukurov , Martin Sommer , and SeokHyun Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2014

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781498314954.006

ISBN: 9781498314954

Keywords: Public investment, Middle East and Central Asia, North Africa, Central Asia and the Caucasus, Expenditure efficiency, Infrastructure, Transportation, Oil exporting countries, Public investment efficiency, natural resources

Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment in generating...

Monetary Operations and Islamic Banking in the GCC : Challenges and Options »

Volume/Issue: 2015/234

Series: IMF Working Papers

Author(s): Ritu Basu , Ananthakrishnan Prasad , and Sergio Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2015

DOI: http://dx.doi.org/10.5089/9781513588513.001

ISBN: 9781513588513

Keywords: Basel Committee on Banking Supervision, Liquidity management, Monetary operations, Monetary policy, Cooperation Council for the Arab States of the Gulf, Islamic banking, GCC

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 m...

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models »

Volume/Issue: 2018/98

Series: IMF Working Papers

Author(s): Nidhaleddine Ben Cheikh , Sami Ben Naceur , Oussama Kanaan , and Christophe Rault

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

DOI: http://dx.doi.org/10.5089/9781484353622.001

ISBN: 9781484353622

Keywords: Qatar, Saudi Arabia, Middle East, Oil prices, Oman, Bahrain, Kuwait, United Arab Emirates, Yemen, Republic of, GCC stock markets

Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results r...