Regional Financial Integration in the GCC /

We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is non-negligible. Bahrain and Kuwait investments especially are oriented towards the region. The development of s...

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Bibliografski detalji
Glavni autor: Espinoza, Raphael
Daljnji autori: Prasad, Ananthakrishnan, Williams, Oral
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2010.
Serija:IMF Working Papers; Working Paper ; No. 2010/090
Online pristup:Full text available on IMF
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100 1 |a Espinoza, Raphael. 
245 1 0 |a Regional Financial Integration in the GCC /  |c Raphael Espinoza, Oral Williams, Ananthakrishnan Prasad. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is non-negligible. Bahrain and Kuwait investments especially are oriented towards the region. The development of stock markets in the region will also improve the extent of financial integration. Interest rate data shows that convergence exists and that interest rate differentials are relatively short-lived-especially compared to the ECCU, another emerging market region sharing a common currency. Equities data using cross-listed stocks confirms that stock markets are fairly integrated compared to other emerging market regions, although financial integration is hampered by market illiquidity. 
538 |a Mode of access: Internet 
700 1 |a Prasad, Ananthakrishnan. 
700 1 |a Williams, Oral. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/090 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/090/001.2010.issue-090-en.xml  |z IMF e-Library