Dubai financial crisis: causes, bailout and after - a case study
This paper explains the circumstances that led Dubai to the current financial crisis that still lingers. It analyses the steps taken at various stages by the city state to ameliorate the situation including the bailout help the UAE Government eventually granted. It spotlights the role international rating agencies played in aggravating the situation and demands that their activities be brought under regulatory nets now being strengthened across the world in the context of ongoing global meltdown. Finally, it warns of challenges Dubai may be facing in years ahead and what could be done to pre-empt them. The argument is cast with a backdrop of the economic position of UAE in the Middle-East and happenings at the global level in the arena of finance – mainstream and Islamic.
|Date of creation:||Jul 2010|
|Date of revision:|
|Publication status:||Published in Journal of Islamic Banking & Finance 3.27(2010): pp. .47-55|
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- Hasan, Zubair, 2010.
"Islamic Finance:Structure-objective mismatch and its consequences,"
21726, University Library of Munich, Germany.
- Hasan, Zubair, 2010. "Islamic Finance:Sructure-objective mismatch and its consequences," MPRA Paper 21536, University Library of Munich, Germany.
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