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 /...

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...

Although oil windfalls have opened a window of opportunity for the Gulf States, at the same time they have created numerous problems. In particular, the uncertainty associated with periods of boom and bust in the oil market has made the formulation and implementation of sound fiscal policies a...

This important reference collection presents the leading papers on theoretical and empirical modelling of exchange rates. Volume I: Exchange Rate Determination: Theory and Evidence, consists of four sections. Section 1 contains "groundwork" papers; these are essentially survey papers, which set...

Can the UK survive widespread dissatisfaction in both Scotland and England with the financing of public spending by Scotland’s parliament? This timely book explains how fiscal autonomy could raise economic growth and efficiency in Scotland – to the benefit of both Scotland and the rest of...

This authoritative book comprises key papers written on exchange rate economics by the eminent scholar Ronald MacDonald.