£126.49

Routledge The Gulf Stock Exchange Crash - Souq Al-Manakh

Name: Routledge The Gulf Stock Exchange Crash - Souq Al-Manakh
Brand: Routledge
Price: 126.49 GBP
Availability: InStock

Finance & Stock Market History

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Description

Explore one of the most significant financial events in recent history with this Routledge Library Edition. This book examines the spectacular collapse of the Souq Al-Manakh in Kuwait during August 1982. It provides a detailed look at how a parallel stock exchange, dealing in the shares of Gulf companies not resident in Kuwait, grew at a phenomenal rate through 1981 and early 1982. Readers will learn about the manic speculation that drove the market and how inexperienced investors gambled massive sums on shell companies. The text covers the extreme scale of the crisis, noting that at the height of the market, USUSD92 billion was outstanding on nearly 30,000 postdated cheques. This account offers a deep look into the mechanisms of the market and the consequences of the sudden crash. It is an essential read for those interested in business and economic history, specifically regarding the financial landscape of the Gulf region.

Key Features

Detailed account of the August 1982 Souq Al-Manakh collapse in Kuwait.

Analysis of the parallel stock exchange and its impact on Gulf companies.

Examination of the manic speculation that drove market growth in 1981.

Insight into the role of shell companies and inexperienced investors.

Study of the USUSD92 billion outstanding in postdated cheques during the peak.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 1138181706
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Finance & Stock Market History
Domain: Amazon UK
Release Date: 03 February 2016
Listed Since: 17 July 2015

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Routledge The Gulf Stock Exchange Crash - Souq Al-Manakh

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