Currency union and exchange rate issues : lessons for the gulf states / edited by Ronald MacDonald (Adam Smith professor of political economy, University of Glasgow, UK), Abdulrazak Al Faris (chief economist and CEO of research, Dubai Economic Council)

Mitwirkende(r):

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: New horizons in money and finance | Edward Elgar E-Book ArchiveVerlag: Cheltenham, U.K ; Northampton, Mass, USA : Edward Elgar, 2010Beschreibung: 1 Online-Ressource (vi, 202 pages) : diagramsISBN:

9781849805377

Schlagwörter:

Andere physische Formen: 9781848448575. | Erscheint auch als: Currency union and exchange rate issues. Druck-Ausgabe. Cheltenham [u.a.] : Elgar, 2010. VI, 202 S.DDC-Klassifikation:

332.45660953

RVK: RVK: QM 333LOC-Klassifikation:

HG187.3

DOI: DOI: 10.4337/9781849805377Online-Ressourcen:

Herstellerabspann:

This book – written by leading academics and practitioners in the field – brings together cutting edge research on exchange rate regime and monetary union issues. There is a particular focus on the implications for member states of the Gulf Cooperation Council (GCC) which is itself working towards forming a monetary union for the Gulf States. The relatively dramatic movements in the US dollar in the recent past, and also in the early 1990s, have called the practice of pegging to the US dollar into question for a group of countries that predominantly rely on hydrocarbons as their primary export. The book considers the key issues which must be addressed by the GCC in trying to form a monetary union for the Gulf countries and also the rigid pegging of member states’ currencies to the US dollar. The proposed monetary union raises clear issues in terms of the appropriateness of such a regime for these countries and whether, for example, the necessary institutional mechanisms are in place ahead of the proposed union.

Zusammenfassung: 1. Introduction / Ronald MacDonald and Abdulrazak Al Faris -- 2. Currency union in the GCC countries : history, prerequisites and implications / Abdulrazak Al Faris -- 3. Economic, political and institutional prerequisites for monetary union among the members of the Gulf Cooperation Council / Willem H. Buiter -- 4. The euro experience and lessons for the GCC currency union / Paul De Grauwe -- 5. The GCC monetary union : choice of exchange rate regime / Mohsin S. Khan -- 6. International experiences in operating exchange rate regimes : drawing lessons from the United Arab Emirates / Ronald MacDonald -- 7. Operational implications of changing to alternative exchange rate regimes / Warren Coats -- 8. The United Arab Emirates : exchange rate regime options / Zubair Iqbal.Zusammenfassung: This book--written by leading academics and practitioners in the field--brings together cutting edge research on exchange rate regime and monetary union issues. There is a particular focus on the implications for member states of the Gulf Cooperation Council which is itself working towards forming a monetary union for the Gulf StatesPPN: PPN: 1023434997Package identifier: Produktsigel: ZDB-1-EWE

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