Munich Personal RePEc Archive

Dubai turmoil before and after the bailout

Hasan, Zubair (2009): Dubai turmoil before and after the bailout.

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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.

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