GCC Financial Markets: The World''s New Money Centers
ISBN: 9783940924087
Platform/Publisher: JSTOR / Gerlach Press
Digital rights: Users: unlimited; Printing: chapter; Download: chapter
Subjects: Business ; Economics ; History ; Finance;

Bond markets in the GCC countries are underdeveloped, and the capital mix is heavily skewed towards banks, while ambitious development plans in fields like petrochemicals and infrastructure, as well as a rapidly growing population, create an increased need for finance. This study outlines the structure of various segments of GCC financial markets and points to regulatory challenges and future developments, ranging from capital market structures to the planned GCC Monetary Union, Islamic banking, and sovereign wealth funds._x000B__x000B_The work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.


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