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|
|Publication status:||Published in Journal of Islamic Banking & Finance 3.27(2010): pp. .47-55|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hasan, Zubair, 2010.
"Islamic Finance:Sructure-objective mismatch and its consequences,"
21536, University Library of Munich, Germany.
- Hasan, Zubair, 2010. "Islamic Finance:Structure-objective mismatch and its consequences," MPRA Paper 21726, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:26397. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.