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высшее образование / учебники для вузов / литература для студентов и педагогов / литература для аспирантов |
Tawadros George
The Gcc as a Common Currency Area
Страниц: 64 Формат: 152x220 In this book, the feasibility of the Gulf countries forming a common currency area is assessed using two distinct, but complementary, approaches. The empirical results based on the size of demand and supply disturbances, their cross-country correlations, and the speed of domestic adjustment identifies a grouping of countries (Bahrain, Oman, Saudi Arabia, and the UAE) for potential monetary unification. In addition, the empirical results show that the six member countries share common long-run and short-run cyclical movements. Furthermore, an estimate of the output loss in relinquishing policy autonomy to join a regional currency arrangement is provided. These estimates appear to be relatively small, and are likely to be less than the efficiency gains from adopting a common currency. Категории каталога: Бизнес образование |
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