GCC Financial Markets: The World's New Money Centers

Bond markets in the GCC countries are underdeveloped, and the capital mix is heavily skewed towards banks, while ambitious development plans in fields like petrochemicals and infrastructure, as well as a rapidly growing population, create an increased need for finance. This study outlines the structure of various segments of GCC financial markets and points to regulatory challenges and future developments, ranging from capital market structures to the planned GCC Monetary Union, Islamic banking, and sovereign wealth funds.

1. Future Direction of the GCC Financial Sector – a Specific Look at Banking and Asset Management Mandagolathur Raghu2. Do GCC Stock Markets Support Their Domestic Economies: An Analytical OverviewRanda Alami3. GCC Bond MarketsMichael P. Grifferty4. Prospects of the Banking and Finance Sector and the Development of Financial CentersEckart Woertz5. The Determinants of Capital Structure Choice: Case of GCC Listed CompaniesLamia A. Obay6. Repercussions of Dubai’s Debt CrisisEckart Woertz7. The Impact of Monetary Policy and Financial Sector Development on Economic Growth in GCC CountriesElias El-Achkar and Wassim Shahin8. The Establishment of a Monetary Union among the Member States of the Gulf Cooperation CouncilErwin Nierop and Gabriela Lippe-Holst9. Approaches to Islamic Banking in the GulfRodney Wilson10. Gulf Sovereign Wealth Funds in International ComparisonEckart Woertz11. How Competitive are Gulf Economies?Kenneth Wilson