The role of oil revenues in Financial crisis management in Iraq

Abstract

This research is an attempt to understand the role of oil reserves in addressing most of the imbalances that any country's economy suffers from. The importance of the research comes from the vital role that oil revenues play in reducing financial crises. It provides deep insights into how to manage these revenues in the presence of financial crises, which facilitates understanding the challenges facing oil-producing countries. By studying the experience of the Kingdom of Saudi Arabia and the State of Malaysia, valuable lessons can be derived about the plans and strategies necessary to manage these revenues, which enhances understanding of how to diversify the economy and reduce dependence on oil as a primary source of income. The research also sheds light on the economic situation of Iraq and the importance of the role of oil revenues, which helps in understanding the special challenges facing the country in managing its oil revenues. This research aims to study the extent to which oil revenues contribute to reducing financial crises in some sample countries (Iraq) by analyzing and evaluating strategies for managing oil revenues in the presence of financial crises. The research also aims to understand how financial crises affect oil economies and how these countries (Iraq) respond by adopting various financial and economic policies