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Financial resources for development. Capital markets in developing countries: a study on borrowing by developing countries in the emerging capital markets of the Middle East

Journal Article:

Abstract

Private transfers of capital from the Organization of Petroleum Exporting Countries (OPEC) to developing countries are intended to complement private transfers from the Organization of Economic Cooperation and Development (OECD) by tapping the emerging capital markets in the Middle East. Developing countries will be able to diversify their borrowing and gain additional financing. The long-term investment of oil-producing countries will benefit and the pressures on the banking institutions to recycle funds will lessen. Middle East capital markets include international loans and international bonds. The history of the Kuwaiti dinar (KD) bond market, with its advantages for both investors and borrowers, illustrates the successful development of a capital market. Financial intermediation needs to be improved, however, if the Middle East is to become efficient enough to compete with the Euromarkets. Efficiency will require different measures and should reflect strengthening relationships among Middle East nations. (DCK)
Authors:
Publication Date:
Oct 01, 1980
Product Type:
Journal Article
Reference Number:
EPA-07-000032; EDB-80-128055
Resource Relation:
Journal Name: OAPEC News Bull.; (Kuwait); Journal Volume: 6:10
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; 02 PETROLEUM; DEVELOPING COUNTRIES; CAPITAL; OPEC; ECONOMIC POLICY; ECONOMIC DEVELOPMENT; FINANCIAL ASSISTANCE; INVESTMENT; FINANCIAL INCENTIVES; FINANCING; GOVERNMENT POLICIES; INTERNATIONAL ORGANIZATIONS; OIL-EXPORTING COUNTRIES; 290200* - Energy Planning & Policy- Economics & Sociology; 020700 - Petroleum- Economics, Industrial, & Business Aspects
OSTI ID:
6974391
Country of Origin:
Kuwait
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: NBOCD
Submitting Site:
TIC
Size:
Pages: 21-34
Announcement Date:

Journal Article:

Citation Formats

Nashashibi, H S. Financial resources for development. Capital markets in developing countries: a study on borrowing by developing countries in the emerging capital markets of the Middle East. Kuwait: N. p., 1980. Web.
Nashashibi, H S. Financial resources for development. Capital markets in developing countries: a study on borrowing by developing countries in the emerging capital markets of the Middle East. Kuwait.
Nashashibi, H S. 1980. "Financial resources for development. Capital markets in developing countries: a study on borrowing by developing countries in the emerging capital markets of the Middle East." Kuwait.
@misc{etde_6974391,
title = {Financial resources for development. Capital markets in developing countries: a study on borrowing by developing countries in the emerging capital markets of the Middle East}
author = {Nashashibi, H S}
abstractNote = {Private transfers of capital from the Organization of Petroleum Exporting Countries (OPEC) to developing countries are intended to complement private transfers from the Organization of Economic Cooperation and Development (OECD) by tapping the emerging capital markets in the Middle East. Developing countries will be able to diversify their borrowing and gain additional financing. The long-term investment of oil-producing countries will benefit and the pressures on the banking institutions to recycle funds will lessen. Middle East capital markets include international loans and international bonds. The history of the Kuwaiti dinar (KD) bond market, with its advantages for both investors and borrowers, illustrates the successful development of a capital market. Financial intermediation needs to be improved, however, if the Middle East is to become efficient enough to compete with the Euromarkets. Efficiency will require different measures and should reflect strengthening relationships among Middle East nations. (DCK)}
journal = {OAPEC News Bull.; (Kuwait)}
volume = {6:10}
journal type = {AC}
place = {Kuwait}
year = {1980}
month = {Oct}
}