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- Keyword: Cooperation Council for the Arab Sta... x
Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad
Publisher: Oxford University Press
Publication Date: 21 November 2013
Keywords: Cooperation Council for the Arab States of the Gulf, oil, monetary policy, fiscal policy, expenditure, oil prices
7.1 Introduction The global crisis exposed the vulnerabilities of the banks in the GCC countries to varying degrees. The favorable macroeconomic environment in the years preceding th...