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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/90 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (33 p) |
ISBN: | 1451982585 9781451982589 |
Internformat
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:27Z |
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publisher | International Monetary Fund |
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spelling | Espinoza, Raphael A. Verfasser aut Regional Financial Integration in the GCC Espinoza, Raphael A Washington, D.C International Monetary Fund 2010 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/90 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 Online-Ausg Prasad, Ananthakrishnan Sonstige oth Williams, Oral Sonstige oth http://elibrary.imf.org/view/IMF001/10884-9781451982589/10884-9781451982589/10884-9781451982589.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Espinoza, Raphael A. Regional Financial Integration in the GCC |
title | Regional Financial Integration in the GCC |
title_auth | Regional Financial Integration in the GCC |
title_exact_search | Regional Financial Integration in the GCC |
title_exact_search_txtP | Regional Financial Integration in the GCC |
title_full | Regional Financial Integration in the GCC Espinoza, Raphael A |
title_fullStr | Regional Financial Integration in the GCC Espinoza, Raphael A |
title_full_unstemmed | Regional Financial Integration in the GCC Espinoza, Raphael A |
title_short | Regional Financial Integration in the GCC |
title_sort | regional financial integration in the gcc |
url | http://elibrary.imf.org/view/IMF001/10884-9781451982589/10884-9781451982589/10884-9781451982589.xml |
work_keys_str_mv | AT espinozaraphaela regionalfinancialintegrationinthegcc AT prasadananthakrishnan regionalfinancialintegrationinthegcc AT williamsoral regionalfinancialintegrationinthegcc |