Similar Search Results

United Arab Emirates; Staff Report for the 2012 Article IV Consultation

International Monetary Fund (IMF); International … - 2012

This 2012 Article IV Consultation highlights that the economic recovery in the United Arab Emirates is continuing despite the uncertain global economic environment. The banking sector has remained well capitalized and profitable, despite a continued rise in nonperforming loans and higher...

Persistent link: https://www.econbiz.de/10011244292

United Arab Emirates; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This staff report on United Arab Emirates 2013 Article IV Consultation highlights economic policies and development. Against a backdrop of political stability, confidence has further increased, tourism has been firm, demand from expatriates from the broader region has increased, and capital...

Persistent link: https://www.econbiz.de/10011244608

United Arab Emirates: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the United Arab Emirates

International Monetary Fund (IMF); International … - 2014

This 2014 Article IV Consultation highlights that the United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability. The economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector....

Persistent link: https://www.econbiz.de/10011244651

United Arab Emirates: Selected Issues

International Monetary Fund (IMF); International … - 2014

This Selected Issues paper focuses on the real estate market and Expo 2020 in the United Arab Emirates. It discusses the measures that could mitigate risks associated with the real estate cycle and the international experience with real estate booms and hosting large events such as World Expos,...

Persistent link: https://www.econbiz.de/10011245786

Macroprudential Policy in the GCC Countries

Arvai, Zsofia; Prasad, Ananthakrishnan; Katayama, Kentaro - International Monetary Fund (IMF) - 2014

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...

Persistent link: https://www.econbiz.de/10011245882

Economic Diversification in the GCC: Past, Present, and Future

Callen, Tim; Cherif, Reda; Hasanov, Fuad; Hegazy, Amgad; … - International Monetary Fund (IMF) - 2014

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and...

Persistent link: https://www.econbiz.de/10011245892

Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions

Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2014

A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market...

Persistent link: https://www.econbiz.de/10011242377

United Arab Emirates; Selected Issues

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper on the United Arab Emirates highlights the macroprudential policies. The fixed exchange rate and persistent structural liquidity surpluses in upswings add to the difficulties in managing aggregate demand contain credit expansion. The exchange rate peg and the open...

Persistent link: https://www.econbiz.de/10011243419

Trust As a Means of Improving Corporate Governance and Efficiency

Chami, Ralph; Fullenkamp, Connel - International Monetary Fund (IMF) - 2002

Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder,...

Persistent link: https://www.econbiz.de/10005826212

Conditional Lending Under Altruism

Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2004

We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare. …

Persistent link: https://www.econbiz.de/10005604948