Dubai is not systemically significant, according to the FT’s “Maverecon” blogger Willem Buiter. Still, the crisis in the emirate may yet do some systemic good by alerting fiscal policy makers to the vulnerability of their nations’ fiscal-financial positions, and by educating citizens and voters to the urgency of deep fiscal burden sharing, Buiter argued in a colourful blog post.

This entry was posted by Stacy-Marie Ishmael on Monday, November 30th, 2009 at 4:05 and is filed under Capital markets. Tagged with dubai, dubai world. Edit this entry.