The Global Financial Crisis and the Arab World: Impact, Reactions and Consequences

Brach, Juliane; Loewe, Markus

doi:10.1080/13629391003644686

Cited by 12 publications

(7 citation statements)

References 5 publications

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“…On average, stock market indices of the Arab countries crashed by more than 50% between their peak in mid-2008 and their low in early 2009, thereby causing losses of something between US$200 billion and US$600 billion (Brach and Loewe, 2010). GCC region's stock market capitalization fell by 41% ($400 billion) between September 2008 and end-2008 and volatility increased (IMF, 2010).…”

Section: Impact Of Global Financial Crisis On Gcc Countriesmentioning

confidence: 99%

“…GCC region's stock market capitalization fell by 41% ($400 billion) between September 2008 and end-2008 and volatility increased (IMF, 2010). Out of some US$60 billion accumulated until 2008, Qatar's sovereign wealth fund lost US$10 billion during crisis (Brach and Loewe, 2010). The main channels of transmission of crisis are due to reduction in foreign investment and exports (IMF, 2009).…”

Section: Impact Of Global Financial Crisis On Gcc Countriesmentioning

confidence: 99%

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Determinants of International Financial Integration of GCC Markets

Alotaibi

Mishra

2014

Emerging Markets and the Global Economy

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Section: Impact Of Global Financial Crisis On Gcc Countriesmentioning

confidence: 99%

Section: Impact Of Global Financial Crisis On Gcc Countriesmentioning

confidence: 99%

Determinants of International Financial Integration of GCC Markets

Alotaibi

Mishra

2014

Emerging Markets and the Global Economy

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“…Other non‐GCC MENA countries have also witnessed financial system stress as a result of GFC (Moriyama, ) . On average, the stock market indices of Arab countries crashed by more than 50% between their peak in mid‐2008 and their low in early 2009, thereby causing losses around US$ 200 billion–600 billion (Brach & Loewe, ). The literature on impact of GFC on MENA stock market integration is very scarce and again, the existing literature does not provide comprehensive explanation and conclusion of how exactly the degree of financial integration among MENA stock markets has been changing pre and post GFC.…”

Section: Introductionmentioning

confidence: 99%

Mena Stock Markets Integration: Pre and Post Global Financial Crisis

Al-Mohamad

Mishra

2018

Australian Economic Papers

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This paper examines the short-and long-run linkages in pre and post global financial crisis among Middle East and North Africa (MENA) stock markets, between MENA and Chinese stock markets and also between MENA and developed (United States and United Kingdom) stock markets. Results indicate that both long-run co-integration relationships and short-run causal linkages among MENA stock markets increased in post-crisis than that in pre-crisis sub-period. The degree of integration between MENA and Chinese stock markets increased in post-crisis than pre-crisis. We also find that the degree of integration between MENA and developed (United States and United Kingdom) stock markets increased in post-crisis than that in pre-crisis. The presence of increased linkages among MENA markets, and between MENA and Chinese stock markets and also between MENA and developed (United States and United Kingdom) markets has important implications for portfolio investors and policy makers.

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“…Some distinct advantages of Saudi Arabia enabled the economy to enjoy higher inflow of FDI even during the period of GFC. Brach and Loewe (2010) argue that high energy prices during this period were particularly beneficial to the Arab World. Anecdotal evidence suggests that the major Arab oil and gas producing countries, including Algeria, Kuwait, Libya, Oman, Qatar, Saudi Arabia, and the UAE, experienced higher growth through augmenting the value of their foreign assets invested in international capital markets.…”

Section: Global Financial Crisis and Fdimentioning

confidence: 99%

Factors in Saudi FDI Inflow

2022

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This study explores the driving factors for attracting Foreign Direct Investment (FDI) inflow in the Saudi Arabian economy in two stages. First, it applies a general to specific approach to form a model reflecting theoretical and anecdotal evidence of the Saudi Arabian economy. Second, we analyse time series data over the years 1984 to 2018. applying Autoregressive Distributed Lags (ARDL) approach, incorporating several structural breaks. This study explores Saudi membership of the World Trade Organization (WTO) and institutional quality, identifying them as promising factors in fostering FDI inflows in the economy. Our empirical investigation demonstrates that the Saudi economy experienced a higher inflow of FDI during the global financial crisis (GFC) due to economic stability. Trade openness is found to be conducive to promote FDI inflow. This study provides several policy implications.

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The Global Financial Crisis and the Arab World: Impact, Reactions and Consequences

Cited by 12 publications

References 5 publications

Determinants of International Financial Integration of GCC Markets

Determinants of International Financial Integration of GCC Markets

Mena Stock Markets Integration: Pre and Post Global Financial Crisis

Factors in Saudi FDI Inflow

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