Gulf Cooperation Council (GCC) : Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC.
Economic and financial developments in the GCC economies are interwoven with oil price movements. GCC economies are highly dependent on oil and gas exports. Oil price upturns lead to higher oil revenues, stronger fiscal and external positions, and higher government spending. This boosts corporate pr...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2015.
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| Series: | Policy Papers; Policy Paper ;
No. 2015/062 |
| Online Access: | Full text available on IMF |