The Response of Arab Region to Overcome Global Financial Crisis

Autor:	Omar Ghazy Aziz
Rok vydání:	2020
Předmět:	0502 economics and business 05 social sciences Financial crisis Economics 050211 marketing Financial system 050207 economics General Economics Econometrics and Finance Fiscal policy
Zdroj:	The American Economist. 66:241-248
ISSN:	2328-1235 0569-4345
Popis:	The main objective of this study is to analyze the policies adopted by Arab countries to recover from the global financial crisis (GFC) in 2008. The study highlights the fiscal and monetary policies that were applied by Arab countries to maintain economic activity. The study shows that Arab countries primarily relied on a mix of fiscal policies to stimulate the economy. As a result, the accumulated oil revenues enabled them to respond quickly, preventing a deeper deceleration in growth and also supporting a growth rebound. However, for countries with limited fiscal space, macroeconomic and oil revenue management became more challenging. Strategies aimed at increasing non-oil sources of growth are recommended to help reduce the vulnerability of these countries to excessive oil price volatility. JEL Classifications: E520, E620, O40, P470
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e044bbd2189c95fbced2a261f4210124 https://doi.org/10.1177/0569434520938322 Zobrazit plný text záznamu