Question.2681 - In your third individual assignment you are asked to search and comment on data about central Banks’ reserves in the Middle East Area. Go to the data repository of the Federal Reserve Bank of St. Louis (https://fred.stlouisfed.org/ ) In the search window type ‘bank reserves’. In the opening search results scroll down to find data on Gross International Reserves from the Central Banks of: Lebanon, Egypt, Qatar, KSA, Kuwait, Oman, Bahrain and UAE. Download the graphs in a word document and comment on their relative development over time: are reserves increasing or decreasing? Why? (your textbook refers to the cases where a Central Bank wants to increase or decrease its reserves)
Answer Below:
The xxxxx and xxxxxxx policy xxxxxxxxx to xxx pandemic xxxxxx the xxxxxxx to xxxxxxxx the xxxxxx and xxxxxxxx crisis xxxxxx the xxxxxxxx volatile xxx market xxx tighter xxxxxx financial xxxxxxxxxx along xxxx worse xxxxxxxxxxxx tensions xxxx posed xxxxx and xxxxxxx in xxx country xxxxxxx the xxxxxxx exit xxxxxxxx and xxxxxx approach xxxxxxx more xxxxxxxx and xxxxxxxxxx support xxx helped xxx country xxxx the xxxxx towards xxxxxxxxx stability xxxxxxxx insolvency xxxxxx and xxxxxx bank xxxxxxxxxx framework xxxx strongly xxxxxxxxxxx resource xxxxxxxxxxxx along xxxx strengthening xxxxxxxxxx in xxx core xxxxxxx The xxxxxxxx shift xxxx rising xxx declining xxxxxxxx can xx contributed xx the xxxxxxx s xxxxxxxx adjustment xx internal xxxxxx in xxxxxxxx to xxxxxxxx scenarios xxxxxxxx political xxxxxxxx has xxxxxxxx progress xx fiscal xxxxxx leading xx a xxxx of xxxxxx wherein xxx structural xxxxxxx are xxxxxxxxx considered xxxxxxx bills xxxxxxxxx new xxxx law xx the xxxx need xx the xxxxxxx for xxxxxx operations xx present xxx future xxxxx to xxx pandemic xxxxx declines xx oil xxxxxx and xxxx to xxx production xxxxx the xxxx agreement xxx significantly xxxxxxx down xxx oil xxxxxx up xxxx With xxxxx discount xxxxx for xxxxxxx coupled xxxx ample xxxxxxxxx and xxxxxxxxxx of xxxxx prudent xxxxxxxx the xxxxxxxx aspect xx the xxxxxxx has xxxx supporting x rebound xx credit xxxxxx However xxxxxx in xxxxxxxxxx reforms xxxx been xxxxxxxxxx the xxxx of xxxxxxxxxxx fiscal xxxxxxxx thereby xxxxxxxxxxx the xxxxxxxx confidence xxxxxxx affecting xxx economic xxxxxxxxxxxxxxx and xxxxxxxxxxxxxxx The xxxxxxx is xx tracks xx recovery xxx pandemic xxxxxxxxxx steps xxx revival xx hydrocarbon xxxxxx coupled xxxx relaxation xx social xxxxxxxxxxxx prove xxxxxx commitment xx the xxxxxxx towards xxxx vision xxx Oman xxxxxx focuses xx reinforcing xxxxxx sustainability xxxxxxxxxxxxx governance xx state xxxxx enterprises xxxxxxxx non-oil xxxxxxx sector xxxxxx along xxxx creating xxxx job xxxxxxxxxxxxx in xxx country xxx prices xxxx reached x multi-year xxxx in xxxx time xxxxx and xx expected xx remain xxxx over xxxxxx and xxxx term xxxxxxxxxxxxx fiscal xxx external xxxxxxx The xxxxxx growth xx this xxxxxx has xxxxx the xxxxxx of xxxxxx with xxx aim xx curbing xxxxxxxxxx spending xxxxxxxxxx foreign xxxxxxxxxx and xxxxxxxxxxxx the xxxxxxx for x better xxxxxxxx Saudi xxxxxx has xxxx the xxxxxxx growing xxxxxxx in xxx G xxxxxxxxxx strong xxx production xxx a xxxxxx economic xxxxxx fuelled xx robust xxxxxxx consumption xxx non-oil xxxxxxx investment xxx main xxxxxxxx of xxxxxxx growth xxxxxxx were xxxxxxxxx retail xxxxx construction xxx transport xxx country xxx been xxxxxxx towards xxxx growth xxxxx with xxx unemployment xxx low xxxxxxxxx The xxxxx have xxxx striving xxxx in xxxxx couple xx years xxxx the xxx of xxxxxx capital xxxxxxxx ratio xxxxxx net xxxxxxxx margins xxx favorable xxx market xxxxxxxx These xx turn xxxx led xx strengthening xxx fiscal xxxxxxxx to xxxxxxx of xxx surplus xxx first xxxxx The xxxxxxxxxx to xxxxxx definitely xxxxxx in xxxxxxxx growth xx these xxxxx The xxxxxxx is xxxxxxx steady xx its xxxxxxxxxx and xxxx been xxxxxxxxxx towards xxxxx economy xxxx a xxxxxx focus xxxxxxx non- xxx investments xxxxxxx to xxxxxxx diversification xxxxxx uncertain xxxxxxxx oil xxxxxxxxxxx The xxxxxxxx growth xx UAE xxx been xxxxxxxxxxxxx even xxxx a xxxxx and xxxxxxxxx COVID xxxxxxxx showing xxxxxxxxxx fiscal xxxxxxxx ad xxxxxxx the xxxxxxxx of xxxxxx and xxxxxxxx friendly xxxxxxx Following xxx OPEC xxxxxxxxx the xxx is xxxxxxxx to xxxx in xxx further xxxxx with xxxxxxxx and xxxxxx surplus xx remain xxxx backing xx elevated xxx prices xxxxxxxxx by xxxxxx domestic xxxxxxxx the xxxxxxx still xxxxx uncertainties xxxxxxxxxx to xxxxxx weaker xxxxxx and xxxxxxx global xxxxxxxxx conditions xxx growth xxxxx - xxxxxxxxx crisis xxxx been xxxxxxxxx leading xx increase xx reserves xxxxx year xxx country xxx its xxxxxxx has xxxx experiencing xxxxxxxxxxxxx owing xx drastic xxxxxxxx rate xxxxxxxxxxxxx and x need xxx external xxxxxxxxx need xxxxxxx of xxxxxxxxxxxx of xxxxxxxx debt xxx international xxxxxxxxx such xx Gulf xxxxxx and xxx The xxxxxx reforms xxxx forcedthe xxxxxxxx economy xx a xxxxxxxx spiral xxx constant xxxxxxx in xxx last xxx years xxx over xxxxxxxxxx on xxxxxxx and xxxxxxxxxxx on xxxxxxx currency xxxxxxxxxxx have xxxxxxxxx affected xxx balance xx payment xxxxxx in xxx recent xxxxx leading xx a xxxxxxxx of xx exit xx Egyptian xxxxxxxxx assets xxxx certain xxxxxxxxxxxxx indices xxxxxxxx by xxxxxx resumption xx political xxxxxxx in xxx country xxxxx the xxxxx war x the xxxxxxx was xxxxxxxx by xxxxxxx receipts xxxxxxx aid xxxxxxxx from xxxxxxxxx industry xxx largesse xx Gulf xxxx state xxx major xxxxxxxx source xx dollar xxxx remittances xxxx Lebanese xxxxxxx abroad xxxxxxx the xxxxxxx is xx a xxxx economic xxxxxx after xxxxxxxxxx piled xx debt xxx to xxxxxxxx binge xxxxxxx to xxxxxx financial xxxxxx in xxxxx the xxxxx are xxxxxxxxx and xxxxxx can xxx access xxxx a xxxxxxx of xxxxx own xxxxx With xxxxxxxx currency xxx the xxxxxxx driving xxxx poverty xxxxx day xxx gross xxxxxxxx have xxxx declining xxxxx year xxxxx to xxxxx dollarized xxxxxxx with xxxxxxxxx public xxxxxxxx and xxxxxxxx financing xx public xxxx coupled xxxx contained xxxxxxxxx and x de xxxxx fixed xxxxxxxx rate xxxxxxx for xxxx than xxxxx Bitar xxxxxxx s xxxxxxx has xxxx significantly xxxx dependent xx oil xxxxxxxx and xxx been xxxxxxxxxx to xxxxxxxx shocks xxxxxxxxx price xxxxxxxxxxxx With xxxxx fiscal xxxxxxxx the xxxxxx debt xxx debt xxxxxxxxx costs xxxx been xxxxxxxxxx steadily xxx to x strong xxx interdependence xx Saudi xxxxxx the xxxxxxx remains xxxxxx susceptible xx threats xxxxxxx of xxx internal xxxxxxxxxxx thereby xxxxxxxxx the xxxxxxx economy xxx investors xxxx continuous xxxx in xxxxx foreign xxxxxxxx the xxxxxxx is xxxx to xx able xx finance xxxx months xx obligation xx respect xx imports xx goods xx This xxx the xxxxxx in xxx last xxxxxx years xx the xxxxxxx ReferencesArslanalp x Eichengreen x amp xxxxxxxxxxxx C xxxx as xxxxxxxxxxxxx reserves x barbarous xxxxx no xxxx Journal xx International xxxxxxxxx https xxx org x jinteco xxxxxxx Foreign xxxxxxxx Reserves xxxxxxx Foreign xxxxxxxx Reserves xxxx Data x d xxxxx www xxxxxxxx com xx indicator xxxxxxx foreign-exchange- xxxxxxxxxxxxx J xxx unique xxxxxxxxxxxxx case xx Lebanon xxxxxxxx Systems xxxxx doi xxx j xxxxxx Devaux x October xxxxx Dark xxxxxxxxx economic xxxxx economic- xxxxxxxx bnpparibas xxx html xxxxx Egypt-Dark-prospects- xxxxxxx Reserve xxxxxxxx Data xxxx trusted xxxx source xxxxx FRED x d xxxxx fred xxxxxxxxxx org xxxxxxxxxxxxx st xxxxx international xxxxxxxxxxxxxx Article xx Consultation-Press xxxxxxx staff xxxxxx and xxxxxxxxx by xxx executive xxxxxxxx for xxxxxx a xxx Staff xxxxxxx Reports xxxxx doi xxx Oman xxxxxxx IV xxxxxxxxxxxxxxxxxx Release xxxxx report xxx statement xx the xxxxxxxxx director xxx Oman x IMF xxxxx Country xxxxxxx https xxx org xxxxx Article xx Consultation-Press xxxxxxx and xxxxx report x IMF xxxxx Country xxxxxxx https xxx org xxxxx Arabia xxxxxxx IV xxxxxxxxxxxxxxxxxx Release xxxxx report xxx informational xxxxx a xxx Staff xxxxxxx Reports xxxxx doi xxx United xxxx Emirates xxxxxxx IV xxxxxxxxxxxxxxxxxx Release xxx staff xxxxxx b xxx Staff xxxxxxx Reports xxxxx doi xxxMore Articles From Finance
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