Staff discussion notes no 14 1 subject bahrain cooperation council for the arab states of the gulf financial risk financial sector fiscal policy kuwait macroprudential policy oman qatar risk management saudi arabia united arab emirates. Macroprudential policies are particularly important for the gcc countries in section iii we outline in section iii we outline the wide range of macroprudential instruments being discussed in the emerging literature. As undiversified commodity exporters gcc economies are prone to pro cyclical systemic risk in the financial system during periods of high hydrocarbon prices favorable economic prospects make the financial sector keen to lend leading to higher domestic credit growth and easier access to external financing fiscal policy is a very important . Macroprudential policy in the gcc countries download macroprudential policy in the gcc countries ebook pdf or read online books in pdf epub and mobi format. Read macroprudential policy in the gcc countries by zsofia ms arvai available from rakuten kobo sign up today and get 5 off your first purchase as undiversified commodity exporters gcc economies are prone to pro cyclical systemic risk in the financial system dur
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