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الازمة المالية العالمية لعام 2008 وانعكاساتها على اقتصادات اقطار مجلس التعاون الخليجي == International Financial Crises In 2008 And Its Impacts On The Economies of Gulf Cooperation Council Countries
Author name:
مصطفى فاضل حمد ضاحي الفراجي
Supervisor name:
علي احمد درج درويش الدليمي
General topic:
Administration and Economics
Specific topic:
Economy
Degree:
Master
University:
University of Anbar - Faculty Of Administration And Economics - Department Of Economics
Language:
Arabic
University location:
Anbar
First pages:
07T3351 - p.pdf
Abstract:
The financial crisis (2008) is considered the greatest crisis after the crisis of the great depression (1929) since its effect is not limited to the industrial developed countries ,but also its negative aspect is reflected on the economies of the developing countries due to the economic openness. The banks have expanded granting insurance loans and not taking into consideration the ability of the borrowers to pay back these loans. In addition to the work of some financial institutions which are specialized in the insurance of the pledge of real estate by re - selling the debts through using notes leads to multiplying the loans by insurance of the assets itself. At the time of payment , most borrowers could not achieve their commitments and this, in its turn, urges the institutions to put hand on the real estates and display them for selling. Because of the increase of what is displayed, their prices decreased. Consequently, the crisis of the financial availability happened. This has led to the collapse of many financial institutions working in the pledge of real estate which results in economic shrinking to most economies and entering of some economies in the depression stage as in Germany and Greece. Although the efforts exerted by the developed countries in solving this crisis, all these plans were nothing but just to belittle the problem of the crisis. The impact of the crisis depends on the scope of the economic openness. Because of this economic openness by which the countries of the Gulf cooperative Council are characterized , the impacts of this crisis are reflected on these countries clearly. These countries are characterized by the huge size of financial activity all over the world, especially, the United American states and west Europe. Furthermore, the effect of this crisis led to the decrease of the prices of the world petrol which is considered the main source of government inputs and the decrease of the real materials prices that are exported by these countries. This led to getting back the financial and all the economic remarks of these countries. The Gulf financial markets suffered from great financial loses, especially, the invested money aboard. This is due to the effect of the crisis on the world financial crisis. Consequently, its negative effect is reflected on the Gulf markets because of the economic openness. The researcher tries, in the present study , to analyse the world financial crisis from the viewpoint of the reseans and their reactions, particularly, on the countries of the Gulf Cooperative Council. This is to solve the most important reactions, get benefit from the lessons of this crisis work on preventing the recursion of such financial crisis, protect the Arabic economies from the world financial crisis and stop the transformation of its impacts on the Arabic economies if it world happen in other economies
