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Prospects and challenges for developing corporate
Juan Sole
International Journal of Islamic and Middle Eastern Finance and Management
2008
20 - 30
10.1108/17538390810864232
Emerald Group Publishing Limited
The author thanks Li Lian Ong, Fernando Delgado, Ahsan Mansur, and an anonymous referee for their excellent suggestions. The author also indebted to Kuwaiti Government officials, the KSE and representatives from Kuwaiti private financial institutions for their helpful and valuable assistance. The views expressed herein are those of the author and should not be attributed to the Kuwaiti authorities, the IMF, its executive board, or its management. All errors and omissions are the author's.
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Purpose – This paper aims to present a case study on how to develop financial markets in one of the emerging economies of the MENA region – Kuwait.
Design/methodology/approach – The analysis proceeds in two steps: first, the need for developing and deepening these markets is established; second, the impediments curtailing market development are identified and discussed.
Findings – It is argued that Kuwait currently faces a valuable window of opportunity to build up further its
Originality/value – Besides the direct policy recommendations provided for Kuwait, given the similarities with other emerging economies, the lessons learned from this study may be relevant to other countries in the MENA region.
Bonds,
Capital markets,
Financial markets,
Kuwait
Research paper
www.emeraldinsight.com/10.1108/17538390810864232