Dubai turmoil before and after the bailout

Zubair Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: This note explains the circumstances that created the recent economic turmoil in Dubai. It analyses the consequences of the bailout the government ultimately enforced. It questions the role rating agencies play in such crises and suggests regulation of their activities. Finally, it warns of challenges Dubai is likely to face in years ahead.

Keywords: Dubai; turmoil; bailout; rating agencies (search for similar items in EconPapers)
JEL-codes: D53 N25 (search for similar items in EconPapers)
Date: 2009-12-17
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19484

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