Hidden Bibliographic Details
| Other authors / contributors: | Abusaaq, Hussain, 1979- (IMF staff)
Callen, Tim, (IMF staff)
Khandelwal, Padamja, (IMF staff)
Miyajima, Ken, 1971- (IMF staff)
Muir, Dirk, (IMF staff)
Pant, Malika, (IMF staff)
Piven, Ben, (IMF staff)
Shbaikat, Gazi, (IMF staff)
International Monetary Fund.
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| ISBN: | 1513525204
9781513525204
1513505076
9781513505077
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| Notes: | "October 2015."
"July 14, 2015"--Page 2 of pdf.
"Prepared By Hussain Abusaaq, Ayman Alfi, Goblan Algahtani, Nayef Alsadoun, Tim Callen, Padamja Khandelwal, Ken Miyajima, Dirk Muir, Malika Pant, Ben Piven, and Gazi Shbaikat"--Page 2 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF Web site, viewed October 20, 2015).
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| Summary: | This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia. Oil prices have fallen by more than 40 percent since mid-2014 while the Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle. Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia. Although a temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up, a longer-lasting period of low oil prices would have a more significant impact.
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| Standard no.: | 10.5089/9781513505077.002
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