Dubai turmoil before and after the bailout

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

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Dubai; turmoil;bailout;rating agencies
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D53 - Financial Markets; N - Economic History > N2 - Financial Markets and Institutions > N25 - Asia including Middle East

References

The following internet sources have been used in developing the argument of this note. These and related site were accessed on December 13-14, 2009.

http://www. sukuk.me/newsarticles/72/Sukukme_Dubai_crisis_making_mountain_out_of…

www.tammycump.com/2009/.../economic-crisis-in-dubai.html

Simon Kerr, Andrew, and Robin: Dubai is given $10 bn bailout by Abu Dhabi

http://www.1.voanews.com/ English/news//a-13-2009-03-05-voa28-68772l492.html

http://www.guardian.co.uk/business/2009/dec/13/dubai-world-debt-fears

http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html