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Saudi Arabia : too big to hedge?

Jusufi, Ariana ; Piller, Robert (Dir.)

Mémoire de bachelor : Haute école de gestion de Genève, 2018 ; TDIBM 38.

Oil prices reached low levels in 2016. As a consequence, many countries dependent on oil revenues experienced significant budget deficits. Saudi Arabia, for which oil revenue accounts for more than 80% of national income, chose to implement a fiscal reform to reduce its oil dependency. Although fiscal reform is a good strategy for the long run, the solution does not take into account price risk;...