This paper applies data development analysis to investigate the performance of the Saudi commercial banking industry. The technical efficiency of Saudi banks for the year 2002 is evaluated and compared with world mean efficiency scores. The study reveals that the mean efficiency score of Saudi...

This paper applies data development analysis to investigate the performance of the Saudi commercial banking industry. The technical efficiency of Saudi banks for the year 2002 is evaluated and compared with world mean efficiency scores. The study reveals that the mean efficiency score of Saudi...

This study aims to investigate the effect of audit quality on IFRS compliance in KSA based on a sample consisting of 176 observations in the financial sector (banking and insurance companies). A logistic regression model was used to capture the effect of both auditor size, as an indicator of...

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...

The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs...

This Selected Issues paper for San Marino reviews developments in the financial sector and provides an update of the financial sector regulation and supervision. While Sammarinese financial institutions accept foreign deposits and managed funds to a much larger extent than comparators in...

This 2002 Article IV Consultation highlights that in 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts. The real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as the private sector investment remained broadly...

Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented supervisory frameworks and national accountability...

This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...