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Middle East and Central Asia > Qatar

You are looking at 1 - 4 of 4 items for :

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Cover Global Financial Stability Report, October 2024
Global Financial Stability Report, October 2024
Steadying the Course: Uncertainty, Artificial Intelligence, and Financial Stability
International Monetary Fund. Monetary and Capital Markets Department

Abstract

Chapter 1 shows that although near-term financial stability risks have remained contained, mounting vulnerabilities could worsen future downside risks by amplifying shocks, which have become more probable because of the widening disconnect between elevated economic uncertainty and low financial volatility. Chapter 2 presents evidence that high macroeconomic uncertainty can threaten macrofinancial stability by exacerbating downside tail risks to markets, credit supply, and GDP growth. These relationships are stronger when debt vulnerabilities are elevated, or financial market volatility is low (during episodes of a macro-market disconnect). Chapter 3 assesses recent developments in AI and Generative AI and their implications for capital markets. It presents new analytical work and results from a global outreach to market participants and regulators, delineates potential benefits and risks that may arise from the widespread adoption of these new technologies, and makes suggestions for policy responses.

Keywords:
financial stability; vulnerabilities; uncertainty; risk; artificial intelligence; capital markets; tail risk; uncertainty index; monetary policy; mortgage rate; market liquidity risk; fiscal policy uncertainty; Emerging and frontier financial markets; Financial sector stability; Sovereign bonds; Credit; Global; Middle East; Europe; Central and Eastern Europe; South America
Cover IMF Working Papers
Saudi’s Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis
Mr. Olumuyiwa S Adedeji
,
Mr. Sohaib Shahid
, and
Ling Zhu
This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not found to be significant. Equity market movements in Saudi Arabia are found to have significant implications for other GCC countries, while there is no evidence of co-movements in bonds markets. These findings suggest some degree of interdependence among GCC countries.
Keywords:
WP; GCC country; GCC sovereign bond market spillover; Growth; Gulf Corporation Council; Spillovers; growth shock; equity market movement; GCC bond spread; GCC equity; Stock markets; Yield curve; Sovereign bonds; Oil prices; Global
Cover IMF Working Papers
Sukuk vs. Eurobonds: Is There a Difference in Value-at-Risk?
Ms. Faezeh Raei
and
Mr. Selim Cakir
This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has grown tremendously in recent years at about 45 percent a year. Sukuk provide sovereign governments and corporations with access to the huge and growing Islamic liquidity pool, in addition to the conventional investor base. The paper analyzes whether secondary market behavior of Eurobonds and Sukuk issued by the same issuer are significantly different to provide gains from diversification. The analysis, employing the delta-normal as well as Monte-Carlo simulation methods, implies such gains are present and in certain cases very significant.
Keywords:
WP; portfolio; bond; bond portfolio simulation; return
Cover Policy Papers
Collective Action Clauses - Recent Developments and Issues
International Monetary Fund
NULL
Keywords:
PP; bondholder representative; emerging market; engagement provision; representative bondholder committee; bondholder representation clause; majority restructuring provision; New York law; majority enforcement provision; disenfranchisement provision; Bonds; Sovereign bonds; International bonds; Collective action clauses; Emerging and frontier financial markets; Global