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.
Topics in Middle Eastern and North African Economies
Middle East Economic Association and Loyola University Chicago
Haddad, Mahmoud and Hakim, Sam, "Qatar National Bank and Degree of Solvency". Topics in Middle Eastern and North African Economies, electronic journal, 20, 2, Middle East Economic Association and Loyola University Chicago, 2018, http://www.luc.edu/orgs/meea/
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