Le développement des centres financiers internationaux depuis la fin du système Bretton Woods: le cas de Bahreïn, 1966-1986 = The rise of international financial centres after the breakdown of Bretton Woods: The case of Bahrain, 1966-1986

Mourlon-Druol, E. (2018) Le développement des centres financiers internationaux depuis la fin du système Bretton Woods: le cas de Bahreïn, 1966-1986 = The rise of international financial centres after the breakdown of Bretton Woods: The case of Bahrain, 1966-1986. Monde(s). Histoire, Espaces, Relations, 13, pp. 49-66. (doi:10.3917/mond1.181.0049)

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Abstract

Cet article analyse le développement de Bahreïn en tant que centre financier international dans les années 1970 et 1980. L’article analyse d’abord les raisons qui permettent d’expliquer le développement soudain et spectaculaire de Bahreïn en tant que centre financier international. Ensuite il étudie jusqu’à quel point Bahreïn est un centre de dimension réellement internationale, en particulier comparé à Beyrouth et Singapour. Finalement, l’article analyse les raisons qui peuvent expliquer pourquoi aucune crise bancaire ne s’est développée sur l’île, malgré un développement financier rapide qui aurait pu laisser penser à la formation de bulles spéculatives. <br/> <br/> This article focuses on the development of Bahrain as an international financial centre in 1970s and 1980s. The article first analyses the reasons that contribute to explain the sudden and spectacular rise of Bahrain as an international financial centre. Then it moves to scrutinise the extent to which Bahrain’s rise was truly international in scope especially compared to Beirut and Singapore. Finally, the article reflects on the reasons why no banking crisis occurred on the island, in spite of a rapid financial development which could have signalled the growth of a banking bubble.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Mourlon-Druol, Professor Emmanuel
Authors: Mourlon-Druol, E.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Monde(s). Histoire, Espaces, Relations
Publisher:Presses Universitaires de Rennes
ISSN:2261-6268
ISSN (Online):2260-7927
Copyright Holders:Copyright © 2018 Presses Universitaires de Rennes
First Published:First published in Monde(s). Histoire, Espaces, Relations 13:49-66
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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