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On the choice of an anchor for the GCC currency: does the symmetry of shocks extend to both the oil and the non-oil sectors

Jean Louis, Rosmy; Balli, Faruk; Osman, Mohamed - Volkswirtschaftliche Fakultät, … - 2010

This paper assesses the costs of forming a monetary union among the Gulf Cooperation Council (GCC) countries by looking … at economic linkages within the GCC, and between the GCC and the potential anchors (the US, and major European countries … across the GCC countries and between the GCC and the US, but none for the major European countries with the GCC. Non-oil AS …

Persistent link: https://www.econbiz.de/10011111625

On the feasibility of monetary union among Gulf Cooperation Council (GCC) countries: does the symmetry of shocks extend to the non-oil sector?

Louis, Rosmy Jean; Balli, Faruk; Osman, Mohamed - In: Journal of Economics and Finance 36 (2012) 2, pp. 319-334

Persistent link: https://www.econbiz.de/10010848226

Monetary Union Among Arab Gulf Cooperation Council (AGCC) Countries: Does the symmetry of shocks extend to the non-oil sector?

Louis, Rosmy; Balli, Faruk; Osman, Mohammad - Volkswirtschaftliche Fakultät, … - 2008

AGCC countries' output is heavily dichotomized into oil and non-oil. The oil shocks have similar effects on all member countries but little is known about their responses to non-oil shocks. This paper sets out to determine whether (1) aggregate demand (AD) and non-oil supply shocks (AS) are...

Persistent link: https://www.econbiz.de/10005789720