Topics in Middle Eastern and North African Economies

Document Type

Article

Publication Date

9-1-2018

Abstract

In June 2017, four countries in the Middle East led by Saudi Arabia imposed an embargo on Qatar. In response, confidence in Qatari banks was considerably shaken. Our research investigates the evolution in the Probability of Default (PD) of Qatar National Bank (QNB), the largest financial institution in Qatar using Merton’s distance to default methodology. We contrast the level of the PD during 5 critical events in the region and observe how these incidents have impacted the credit risk of QNB.

Journal Title

Topics in Middle Eastern and North African Economies

ISSN

2334-282X

Publisher

Middle East Economic Association and Loyola University Chicago

Volume

20

Issue

2

Comments

Presentation of the articles in the Topics in Middle Eastern and North African Economies was made possible by a limited license granted to Loyola University Chicago and Middle East Economics Association from the authors who have retained all copyrights in the articles.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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