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Explain h ow the US subprime assets and oil price s affect ed the GCC economies during the global financial crisis 2008-2009. (1 Mark) During
- Explain how the US subprime assets and oil prices affected the GCC economies during the global financial crisis 2008-2009. (1 Mark)
- During 2008-2009 financial crisis, were GCC commercial banks and sovereign wealth funds affected? Explain your answer by discussing the exposure of commercial banks and government to the subprime assets. . (1 Mark)
- Analyze the role played by banks quality assets in GCC countries during the crisis financial crisis. (2 Marks)
- Explain how the prudential regulations and the stress tests can thwart the moral hazard problem and excessive leverage in financial institutions. (2 Marks)
- List and explain the policies that were implemented in the GCC countries to mitigate the effects of the crisis. (2 Marks)
- To what extent did these policies succeed in alleviating the adverse effects and helping economic recovery? (2 Marks)
- Draw the main lessons that can be drawn from dealing with the financial crisis in the region and that could be useful in dealing with future similar shocks. (2 Marks)
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