| INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9781138184053 |
| DEWEY DECIMAL CLASSIFICATION NUMBER |
|---|
| Call number |
332.6425367 DA GU |
| MAIN ENTRY--PERSONAL NAME |
|---|
| Authors |
Darwiche, Fida |
| TITLE STATEMENT |
|---|
| Title |
The Gulf stock exchange crash : |
| Subtitle |
the rise and fall of the souq al-manakh |
| Statement of responsibility, etc |
Fida Darwiche |
| PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication |
London : |
| Publisher |
Routledge, Taylor & Francis Group, |
| Date |
c1986. |
| PHYSICAL DESCRIPTION |
|---|
| Extent |
xiii, 162 p. : |
| Other Details |
ill. ; |
| Size |
23 cm. |
| SERIES STATEMENT |
|---|
| Series statement |
Routledge library editions : the gulf, |
| Volume number |
7 |
| CONTENTS |
|---|
| Contents |
1. Kuwaiti Public Companies 1950-80 2. Gulf Public Companies 1976-82 3. Gulf Stock Exchange 4. Gulf Stock Exchange Crisis |
| SUMMARY |
|---|
| Summary |
The collapse of Souq Al-Manakh in Kuwait in August 1982 was the most spectacular financial crash of recent years. The market had developed as a parallel stock exchange dealing in the shares of Gulf companies not resident in Kuwait. Fuelled by manic speculation, the market grew at a phenomenal rate throughout 1981 and early 1982. Inexperienced investors gambled huge sums on the shares of shell companies promoted largely for share speculation. At the height of the market US$92 billion was outstanding on nearly 30,000 postdated cheques, the usual form of payment used in the market. The financial crisis created by the collapse of the Souq Al-Manakh threatened the stability of Kuwait. The government was forced to intervene and absorb the major part of the loss. This book, first published in 1986, traces the growth of the stock market and analyses its collapse. It also discusses in detail the wider impact of this debacle on the economic life of the Gulf. |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical Heading |
Gulf Stock Exchange (Kuwait, Kuwait) |
| General |
History |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical Heading |
Middle East |
| Geographic |
Persian Gulf States |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical Heading |
Stock exchanges |
| Geographic |
Kuwait |
| General |
History |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical Heading |
Stock exchanges |
| ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
https://uowd.box.com/s/erf8ef475rmvuebm5wn6m7gtbp6wws1g |
| Public note |
Location Map |
| MAIN ENTRY--PERSONAL NAME |
|---|
| -- |
18289 |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| -- |
18290 |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| -- |
18291 |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| -- |
18292 |
| SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| -- |
18293 |