The contemporary financial development of Kuwait and Bahrain: A study of contrasts (Ph.D. Dissertation)

Though each county faces unique challenges and has followed different paths to economic development, both Kuwait and Bahrain have reached similar levels of development. In this study the role of financial institutions in economic growth is examined, from both theoretical and empirical perspectives. The topics discussed and compared between the two countries include capital market development, stock markets, the stock market crash in Kuwait (1982), the effects of oil revenues, variations in financial infrastructure, and regulatory regimes such as the Central Bank of Kuwait and the Bahrain Monetary Agency.