Padamja Khandelwal

Mr.Ken Miyajima

Mr.Andre O Santos

This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression approach, it finds strong empirical evidence of feedback loops between oil price movements, bank balance sheets, and asset prices. Empirical evidence also suggests that bank capital and provisioning have behaved countercyclically through the cycle.

The Impact of Oil Prices on the Banking System in the GCC

Mr.Haonan Qu

Mr.Pragyan Deb

Mr.Ahmed I Al-Darwish

Naif Alghaith

Mr.Alberto Behar

Mr.Tim Callen

Mr.Amgad Hegazy

Ms.Malika Pant

Saudi Arabia: Tackling Emerging Economic Challenges to Sustain Strong Growth

Tackling Emerging Economic Challenges to Sustain Strong Growth

Saudi Arabia

Ezequiel Cabezon

Sanan Mirzayev

Rayah Al-Farah

Limited economic diversification has made the economies of the Caucasus and Central Asia particularly vulnerable to external shocks. The economies in the region are heavily reliant on oil and mining exports as well as remittances. In some countries, tourism and capital flows also play a prominent role in aggregate economic activity.

Macroprudential Policies to Enhance Financial Stability in the Caucasus and Central Asia

Padamja Khandelwal

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