United Arab Emirates: Selected Issues and Statistical Appendix

International Monetary Fund

No 2012/136, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; bank; banking system; distress interdependence structure; liquidity management; bank default; banks Joint Probability of Default; asset quality problem; balance sheet shock; bank Performance indicator; bank stability; Commercial banks; Stock markets; Nonperforming loans; Stress testing; Global; Europe (search for similar items in EconPapers)
Pages: 43
Date: 2012-06-08
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