IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03500-7_10.html
   My bibliography  Save this book chapter

Local Banking and Finance

In: The Economy of Kuwait

Author

Listed:
  • M. W. Khouja
  • P. G. Sadler

Abstract

The financial sector assumes an important role in Kuwait, particularly because of the openness of the economy and the absence of major restrictions on dealing in foreign exchange, outflow of remittances and movement of private capital. Thus, many of the international monetary fluctuations are transmitted to the local economy through the financial sector. In addition, the rising importance of the financial sector is reflected in the eight-fold increase in its contribution to GDP over the years 1970/1–1975/6. In spite of the rapid increase in oil exports, the proportional share of this sector increased from about 2 per cent in the early seventies to 5 per cent in more recent years.

Suggested Citation

  • M. W. Khouja & P. G. Sadler, 1979. "Local Banking and Finance," Palgrave Macmillan Books, in: The Economy of Kuwait, chapter 10, pages 162-189, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03500-7_10
    DOI: 10.1007/978-1-349-03500-7_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03500-7_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.