Economic Policies and the Possibilities of Unified GCC Currency PDF Download
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Author: Manhal M. Shotar
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The aim of this study is to identify the extent to which the GCC countries can adopt similar economic policies by the time of the formation of the GCC unified currency in 2010. Among many other convergence standards, the study suggests to examine the economic structure of the GCC countries to identify similarities. Estimating the model using SURE technique, the study finds significant differences between GCC countries economic policies. The results suggest that GCC countries need to grant more policy coordination to lessen the differences in order to facilitate better design of unified economic policies that are conducive to the establishment of a monetary union.
Author: Manhal M. Shotar
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The aim of this study is to identify the extent to which the GCC countries can adopt similar economic policies by the time of the formation of the GCC unified currency in 2010. Among many other convergence standards, the study suggests to examine the economic structure of the GCC countries to identify similarities. Estimating the model using SURE technique, the study finds significant differences between GCC countries economic policies. The results suggest that GCC countries need to grant more policy coordination to lessen the differences in order to facilitate better design of unified economic policies that are conducive to the establishment of a monetary union.
Author: Mr.Esteban Jadresic
Publisher: International Monetary Fund
ISBN: 1451969481
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
This paper assesses the eventual replacement of the currencies of the GCC countries with a common currency. It concludes that a properly implemented currency union may contribute to enhance economic efficiency in the region, deepen regional integration, and develop its non-oil economy. However, it cautions that a currency union should be seen as only one component of a much broader integration effort. This should include the removal of the distortions that inhibit intraregional trade and investment, agreements on policy frameworks to ensure macroeconomic stability, and further political integration. The paper also addresses the choice of exchange rate arrangement for the unified currency.
Author: Linda Low
Publisher: Institute of Southeast Asian Studies
ISBN: 9814311405
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Possessing a significant share of the world's oil and gas reserves and including some of the world's fastest growing economies, the GCC is a significant regional grouping. As with the Association of Southeast Asian Nations (ASEAN), the Council has made significant progress towards economic integration. Seeking to draw out lessons applicable to ASEAN, this report looks at the structure and evolution of the GCC. This includes the context within which the Council was established, its rationale, and economic importance. It then follows the organization's development over time, paying particular importance to its progress from Customs Union and Common Market towards Monetary Union. The report then sets out the key challenges ahead for the Council, and concludes by highlighting the structural, organizational, and political lessons that resonate with ASEAN and its membership.
Author: Mubārak ibn Bakr Dawsarī
Publisher:
ISBN: 9786030115242
Category : Arabian Peninsula
Languages : en
Pages : 71
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Book Description
Author: Ugo Fasano-Filho
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 76
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Book Description
The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--have made important progress toward economic and financial integration, with the aim of establishing an economic and monetary union. This paper provides a detailed analysis of the economic performance and policies of the GCC countries during 1990-2002. Drawing on the lessons from the experience of selected currency and monetary unions in Africa, Europe, and the Caribbean, it assesses the potential costs and benefits of a common currency for GCC countries and also reviews the options for implementing a monetary union among these countries.
Author: Neil E. T. Al ALFORD
Publisher: World Scientific
ISBN: 1783269154
Category : Social Science
Languages : en
Pages : 862
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Book Description
"Included in this proceedings is a selection of peer-reviewed scholarly papers by Saudi postgraduate researchers who presented their work at a student conference held in London at the Queen Elizabeth II Conference Centre from January 31 to February 1, 2015. The volume covers topics from fields in the humanities, social sciences and natural and applied sciences. Appealing to both specialists and non-specialists, the topics addressed by the students reflect advances in knowledge, research trends, and scholarly debates across the academic spectrum. This cross-disciplinary conference was organised by the Scientific Society for Saudi Students in the UK with support from the Saudi Arabian Cultural Bureau in London, Imperial College London and King Abdullah University of Science and Technology. KAUST is committed to the development of a knowledge-based economy in Saudi Arabia. Under the leadership of founding Vice President, Dr Najah Ashry, KAUST's Saudi Initiatives organization invests in the Nation's brightest young minds to ensure a strong and prosperous future. Through a variety of targeted programs and special projects, such as this year's Conference, Saudi Initiatives identifies, nurtures, and supports talented young Saudis for KAUST and for Saudi Arabia."--
Author: Qais Issa Al Yahyaei
Publisher:
ISBN:
Category : Dollar, American
Languages : en
Pages : 427
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Book Description
Author: Mohamed A. Ramady
Publisher: Springer Science & Business Media
ISBN: 1441959874
Category : Business & Economics
Languages : en
Pages : 516
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Book Description
The Saudi Arabian economy has changed almost beyond recognition since the oil boom days of the 1980s, and the Kingdom itself has changed too economically, socially, and demographically. In the second edition of The Saudi Arabian Economy, Mohamed Ramady uses several overlapping themes to establish and develop a framework for studying the fundamental challenges to the Saudi economy. Particular attention is paid to the benefits of short-term planning and long-term diversification intended to shield the economy from potentially de-stabilizing oil price fluctuations and the pace and diversity of domestic reforms. The author examines the core strengths and evolution of various financial institutions and the Saudi stock market in the face of globalization, before analyzing the private sector in detail. Topics discussed include: • The hydrocarbon and minerals sector, including the emergence of the competitive petrochemical sector • The impact of small and medium sized businesses and the evolving role of “family” businesses • The growing role of women in the Saudi economy • The role of privatization and FDI as engines of change and the position of public-private-partnerships • The establishment of a foundation for a knowledge-based economy Finally, the author offers an analysis of the key challenges facing the Saudi economy, paying particular attention to the potential costs and benefits of globalization, and membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council, as well as Saudi Arabia’s evolving strategic economic relations with China and other countries are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.
Author: Hasan Abdul-Hadi
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
This paper reviews the experience of the use of computable equilibrium models. The range of issues on which CGE have had an influence is quite wide, and includes structural adjustment policies, international trade, public finance, agriculture, income distribution, and energy and environmental policy. CGE models provide a comprehensive picture of the effect of economic policy on the different economic players inside an economy as well as the interactions between the economic agents, such as consumption, investments, government spending, imports, and exports. Research regarding the use of CGE models in GCC countries is not extensive. These models are highly recommended by the governments of these states who are looking forward to economic studies based on these models.
Author: John Peterson
Publisher: Routledge
ISBN: 1136084207
Category : Political Science
Languages : en
Pages : 204
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Book Description
The discovery of oil in the Gulf revolutionised its social and economic relationship with the West. This book provides a broad overview of foreign policy imperatives, an examination of three of the most important issues - the Iran-Iraq war, OPEC, socio-political extremism - and finally a closer inspection of three of the key players in that area: Oman, Saudi Arabia and the United Arab Emirates.
