The Contagious Effect Of The US Subprime Crisis On Gulf Countries
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This study tests for financial contagion impact of the US Subprime crisis on Gulf economies both theoretically and empirically. Theoretically, it investigates the possible connections that could move the Subprime crisis to the Gulf market, by identifying the bridge of channels between the US and GCC countries. Fundamental channels: the securitization, oil channel and some other commons shocks like the Fed interest rate and the US dollar. Psychological channels: the herding behavior due to the shift in investor sentiment which is manifested by the massive liquidation and capital outflows. Empirically, Gaussian Copula has been used to analyze the change in dependence structure from the pre-crisis to the crisis period. Results show significant level of contagion in Kuwait, Dubai stock markets and Saudi market which displays the strongest level. Contagion signs should be taken into consideration by the portfolio managers (ineffectiveness of the diversification strategies) Our results can be handy for Gulf central banks who decide for the bailout. Some limits: Theoretically: Lack of transparency and sophistication in gulf markets Empirically: one Gaussian copula out of many was adopted basing on graphical insight.
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RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
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Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
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