United Arab Emirates: Selected Issues and Statistical Appendix
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Summary:
This Selected Issues and Statistical Appendix Paper look at the global spillovers to the United Arab Emirates (UAE) financial system. It finds an uneven degree of spillovers to different segments of the UAE financial system. Regarding domestic equity markets, the combined market capitalization losses in the Abu Dhabi and Dubai stock exchanges between September 2008 and end-March 2012 exceeded $100 billion. The paper concludes that although financial vulnerabilities of the UAE have decreased since the 2008 global real estate collapse, given UAE’s interconnectedness, it remains exposed to global financial conditions.
Series:
Country Report No. 2012/136
Subject:
Banking Commercial banks Financial crises Financial institutions Financial markets Financial sector policy and analysis Nonperforming loans Stock markets Stress testing
English
Publication Date:
June 8, 2012
ISBN/ISSN:
9781475504194/1934-7685
Stock No:
1AREEA2012002
Pages:
43
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