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Routledge The Gulf Stock Exchange Crash - Souq Al-Manakh History

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Description

Explore the dramatic collapse of Souq Al-Manakh, Kuwait's parallel stock exchange, in August 1982 through this comprehensive historical analysis. This book examines how unchecked speculation transformed a thriving market dealing in Gulf company shares into the most catastrophic financial crash of its era. Discover the mechanisms that fuelled exponential growth throughout 1981 and early 1982, driven by inexperienced investors gambling enormous capital on shell companies. Learn how the market accumulated USUSD92 billion in outstanding obligations across nearly 30,000 postdated cheques at its peak, revealing the vulnerabilities of unregulated trading practices. This volume provides essential context for understanding the financial vulnerabilities, speculative bubbles, and regulatory failures that characterise modern stock market crises.

Key Features

The Gulf Stock Exchange Crash book details the August 1982 collapse of Souq Al-Manakh, Kuwait's parallel stock exchange that dealt in Gulf company shares.

This Routledge publication examines the phenomenal market growth throughout 1981 and early 1982 driven by manic speculation and inexperienced investors.

Discover how the market accumulated USUSD92 billion in outstanding obligations on nearly 30,000 postdated cheques before its catastrophic failure.

Part of the Routledge Library Editions series focused on Gulf region finance and stock market history, offering scholarly analysis of this financial crisis.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
03 February 2016
Listed Since
17 July 2015

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