What were the main causes and ramifications of the Saudi Stock Market Crash of 2006?

What were the main causes and ramifications of the Saudi Stock Market Crash of 2006? Discuss the role of financial intermediaries in propagating the crisis and the ethical dilemmas regulators faced in dealing with the situation. Students should address the following aspects of the Crash:

1) Discuss the causes of the stock market crash that occurred in Saudi Arabia in 2006. The student should identify and explain the key economic, financial and institutional factors that contributed to the crash.

2) Examine the ramifications and consequences of the crash for the Saudi economy, businesses, investors and society as a whole. The student should discuss both short-term and long-term impacts.

3) Describe how financial intermediaries like banks, brokerage firms, and wealth management companies may have contributed to the crisis through their products, activities and incentives. The student should analyze the role of financial intermediation in amplifying the crash.

4) Discuss the ethical dilemmas and choices that regulators like the Saudi Arabian Monetary Agency faced in responding to the situation. The student should consider the trade-offs between preserving market stability, limiting investor losses, and protecting businesses/the economy.

Instructions:

1. Find the book in attached
2. Write a well-structured report that addresses all the issues raised above—should have a summary, introduction, and an opinionated conclusion.

Word count should not exceed 1000 words.