European Parliament Library

Regional Financial Integration in the GCC, Raphael Espinoza, Oral Williams, Ananthakrishnan Prasad

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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. GCC Financial System; A. Macroeconomic and Monetary Environment; 1. Credit Default Swaps on Five-Year Senior; 2. Nominal Exchange Rates and Interbank Interest Rates; B. Structure of the Financial Sector; 3. Banking System Assets and Capital; 1. Structure of the Banking Sector; 2. Loans, Deposits and Foreign Assets and Liabilities; 3. Restrictions on Resident and Nonresident Deposit Accounts; C. Available Volume Data; 4. Mergers and Acquisitions; 5. Portfolio Investment Asset in GCC Partner - Equity
Literary Form
non fiction
"April 2010."
Physical Description
1 online resource (43 p.)
Specific Material Designation
Form Of Item

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