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This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening monetary policy and allowing Asian currencies to appreciate as a way of achieving a better balance between internal and external demand. Leaving the overall level of demand...
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The European Union (EU) is one of the most successful integration arrangements in the world. However, the disintegration in Europe through Brexit is puzzling. This article aims to clarify this dilemma by addressing the following questions: Was the former French President, de Gaulle, right that...
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Der Autor arbeitete von 2008 bis 2010 für das Handelsblatt in Dubai. Der Begriff "Diversifizierung" bestimmt sein Buch. Die Anstrengungen der Emirate und Saudi-Arabiens, sich auf die Zeit nach dem "schwarzen Gold" vorzubereiten und die Mittel, die sie dazu bereitstellen, sind gewaltig. Der...
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This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from … Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not … found to be significant. Equity market movements in Saudi Arabia are found to have significant implications for other GCC …
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