Qanas, J and Sawyer, M orcid.org/0000-0002-4565-5276 (2024) Financialisation in the Gulf States. Review of Political Economy, 36 (3). pp. 1174-1191. ISSN 0953-8259
Abstract
This paper focuses on financialisation in the six members of the Gulf Cooperation Council (GCC) over the past three decades. The key economic features of the GCC countries relevant for financialisation are outlined. The dimensions of financialisation are drawn to allow investigation of financial developments in the GCC countries. The evolving structures of financial institutions in GCC countries are indicated and compared with their evolution in other countries. Sovereign wealth funds play an important role in the internationalisation of finance in the GCC, as does Islamic finance. Thus, the GCC countries exemplify a variegated financialisation in which both conventional and Islamic finance have expanded at the national and global level.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. |
Keywords: | Financialisation; GCC states; financial institutions; sovereign wealth funds; Islamic finance; internationalisation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 21 Oct 2022 12:59 |
Last Modified: | 08 Nov 2024 12:07 |
Status: | Published |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/09538259.2022.2099669 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:192293 |