کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063250 1372212 2011 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Regional financial integration in the GCC
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Regional financial integration in the GCC
چکیده انگلیسی

We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. Interest rate data show that convergence exists and that interest rate differentials are relatively short-lived-especially relative to other unified currency area and comparable to those of the Euro Area post 1999. Equity data using cross-listed stocks confirm that stock markets are fairly integrated compared to other emerging market regions, although price equalization is hampered by market illiquidity. The limited volume data available suggests that intra-GCC capital flows are sizeable.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 12, Issue 4, December 2011, Pages 354-370
نویسندگان
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