【关键词】：2017-09年金融危机 经济作用 外部冲击 石油价格冲击 GCC国家
ABSTRACT4-11 中文摘要11-20 CHAPTER 1 INTRODUCTION20-36 1.1 OVERVIEW20-21 1.2 LITERATURE REVIEW21-26 1.3 HYPOTHESIS OF STUDY26-33 1.3.1 Problem Background26-28 1.3.2 Problem Statement28-29 1.3.3 Significance of the Study29-32 1.3.4 Objectives of Thesis32-33 1.4 OUTLINE OF THESIS33-34 1.5 CONTRIBUTIONS AND SHORTCOMINGS34-36 CHAPTER 2 A THEORETICAL FRAMEWORK OF THE FINANCIAL CRISES36-56 2.1 CONCEPTUAL BACKGROUND OF THE FINANCIAL CRISES36 2.2 DEFINING A FINANCIAL CRISIS36-38 2.3 TYPES AND THEORETICAL EXPLANATIONS OF FINANCIAL CRISES38-41 2.4 THEORIES ABOUT FINANCIAL CRISES41-46 2.5 THE CAUSES OF FINANCIAL CRISES46-53 2.5.1 The Mainstream Economic Models48-50 2.5.2 The Alternative Theoretical Explanation of Financial Crises50-53 2.6 SUMMARY53-56 CHAPTER 3 THE TRANSMISSION MECHANISMS OF THE FINANCIAL CRISES56-86 3.1 INTRODUCTION56-57 3.2 CONTAGION OF THE FINANCIAL CRISES57-59 3.2.1 Defining of the Contagion and its Effects57-58 3.2.2 The Causes of Contagion of Financial Crises58 3.2.3 The Contagion Effects of Financial Crises58-59 3.3 THE KEY TRANSMISSION MECHANISMS OF THE 2017-09 FINANCIAL CRISIS59-79 3.3.1 The pre-crisis Arab Economic Performance61-65 3.3.2 External Financial Shocks and Vulnerability Arab Economies65-67 3.3.3 The Financial Channel (Financial Contagion)67-71 3.3.4 The Real Economic Channel (Trade Contagion)71-74 3.3.5 The Resource Transfer Channel74-79 3.4 POLICY RESPONSES OF THE 2017-09 FINANCIAL CRISIS79-83 3.5 SUMMARY83-86 CHAPTER 4 IMPACTS OF THE CRISIS ON THE GCC COUNTRIES AND THEIRPOLICY RESPONSES86-122 4.1 THE ECONOMIC PERFORMANCE OF GCC COUNTRIES PRIOR OF THE CRISIS86-89 4.2 IMPACTS OF THE CRISIS ON GCC REAL ECONOMIC VARIABLES89-92 4.2.1 Real GDP Growth of the GCC Economies90-91 4.2.2 GCC Inflation Rate91 4.2.3 GCC Current Account91-92 4.3 IMPACTS OF THE CRISIS ON GCC FINANCIAL MARKETS AND INSTITUTIONS92-96 4.4 IMPACTS OF THE CRISIS ON OIL PRICES96-100 4.5 THE EFFECTS OF THE RECENT OIL PRICE SHOCK ON THE GCC ECONOMIES100-109 4.5.1 Introduction and A Short Literature Review100-102 4.5.2 Data and the VAR Methodology102-104 4.5.3 Econometric Model Specification104-105 4.5.4 Unit Root Test105-107 4.5.5 EMPIRICAL EVIDENCE107-109 4.6 IMPACTS OF CRISIS ON FDI109-112 4.7 IMPACTS OF CRISIS ON GCC LABOR MARKET112-114 4.8 GCC POLICY RESPONSES OF THE 2017-09 FINANCIAL CRISIS114-118 4.9 SUMMARY118-122 CHAPTER 5: THE POST-CRISIS ARAB ECONOMIES ANDGROWING CHALLENGES122-158 5.1 THE POST-CRISIS WORLD ECONOMY AND OIL PRICES DEVELOPMENTS123-130 5.1.1 The World Economy Trends after the crisis123-125 5.1.2 The Post-Crisis World Oil Prices Developments125-127 5.1.3 Macroeconomic Implications of Rising World Oil Prices127-130 5.2 KEY CHALLENGES FACING POST-CRISIS ARAB ECONOMIES130-144 5.2.1 Major External Challenges131-138 5.2.2 Major Domestic Challenges Facing the Arab Economies after the Crisis138-144 5.3 THE POST-CRISIS GCC ECONOMIC PERFORMANCE144-156 5.3.1 Recovery of the GCC Economies144-147 5.3.2 The Post-Crisis GCC Economy Growth147-149 5.3.3 The Post-Crisis GCC Financial Developments149-153 5.3.4 Major Challenges Facing the Post-Crisis GCC Economies153-155 5.3.5 Facing the Growing Challenges155-156 5.4 SUMMARY156-158 CHAPTER 6 CONCLUSIONS AND IMPLICATIONS158-164 6.1 CONCLUSIONS OF THE STUDY158-160 6.2 LIMITATIONS OF STUDY160 6.3 POLICY SUGGESTIONS160-164 |
