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Dubai turmoil before and after the bailout

Author

Listed:
  • Hasan, Zubair

Abstract

This note explains the circumstances that created the recent economic turmoil in Dubai. It analyses the consequences of the bailout the government ultimately enforced. It questions the role rating agencies play in such crises and suggests regulation of their activities. Finally, it warns of challenges Dubai is likely to face in years ahead.

Suggested Citation

  • Hasan, Zubair, 2009. "Dubai turmoil before and after the bailout," MPRA Paper 19484, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19484
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    File URL: https://mpra.ub.uni-muenchen.de/19484/1/MPRA_paper_19484.pdf
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    More about this item

    Keywords

    Dubai; turmoil; bailout; rating agencies;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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