000			01921 a2200229 4500
999			_c32689 _d32689
001			nam a22 7a 4500
020			_a9781138184053
082			_a332.6425367 DA GU
100			_aDarwiche, Fida _918289
245			_aThe Gulf stock exchange crash : _bthe rise and fall of the souq al-manakh _cFida Darwiche
260			_aLondon : _bRoutledge, Taylor & Francis Group, _cc1986.
300			_axiii, 162 p. : _bill. ; _c23 cm.
490			_a Routledge library editions : the gulf, _v7
505			_a1. Kuwaiti Public Companies 1950-80 2. Gulf Public Companies 1976-82 3. Gulf Stock Exchange 4. Gulf Stock Exchange Crisis
520			_aThe 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.
650			_aGulf Stock Exchange (Kuwait, Kuwait) _xHistory _918290
650			_aMiddle East _vPersian Gulf States _918291
650			_aStock exchanges _vKuwait _xHistory _918292
650			_aStock exchanges _918293
856			_uhttps://uowd.box.com/s/erf8ef475rmvuebm5wn6m7gtbp6wws1g _zLocation Map
942			_cREGULAR