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- Ali-Abri, Almukhtar, et al.
(författare)
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Regional and Global Financial Integration of the Gulf Co-operation Community Countries
- 2009
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This paper focuses on the extent of financial integration achieved in the GulfCooperation Community of nations, comprising of Bahrain, Kuwait, Oman,Qatar and Saudi Arabia and UAE. The analysis is not limited to a mere look atopenness to capital flows. Five measures of financial integration are discussed andresorted to for making a comparison of the levels of financial integration achievedby the various members of the GCC region. It is seen that the rankings madeusing different tests of financial integration do not match always. Also, theprogress made towards regional financial integration is sometimes seen to be notcompatible with the level achieved in terms of global financial integration. By andlarge, Bahrain and Saudi Arabia emerge as the most financially integratedcountries in the region, with the banking hub bahrain clearly the most financiallyintegrated to global markets.
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- Batavia, Bala, et al.
(författare)
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Asset Prices and Inflation : is there a predictive link?
- 2007
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- The relationship between asset prices and consumer price inflation has been inthe limelight again in the last decade. The reason has been the observedlinkages in the early 1990s between housing as well as stock market pricesand consumer prices in Japan and the U.K. Rapid asset price appreciation inthese countries was followed, with a lag, by consumer price inflation. Suchdevelopments have even sparked off debates about the need to replaceconventional consumer price measures with a broader definition whichincludes asset prices. It seems important, therefore, to ascertain whether assetprices influence consumer prices in general, for a broader spectrum ofcountries. We choose a sample including major industrial countries as well asemerging markets, and test for the significance of housing prices and shareprices in predicting inflation. Longer, higher frequency, time series data aswell as cross-section information are used to establish asset price – consumerprice links for the sample as a whole, and for particular individual countries.
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| 8. |
- Batavia, Bala, et al.
(författare)
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Convergence Criteria For African Monetary Unions : Bringing in Non-Economic Factors and Comparing the Turkish Case
- 2019
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Ingår i: Journal of International Finance and Economics. - : International Academy of Business and Economics. - 1555-6336 .- 2378-864X. ; 19:3, s. 39-50
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Tidskriftsartikel (refereegranskat)abstract
- The paper starts by noting that Turkey in her efforts to join the European Union and the European Monetary Union faces barriers that are non-economic in nature. Turkey is seen to be lagging behind the EU fraternity in providing complete democracy to its people. We find the strictures laid on to be rather unique, as such non-economic factors do not enter in, for instance, in discussions pertaining to regional monetary unions in Africa where a leader in economic performance may be a laggard in meeting non-economic convergence criteria. This paper develops non-economic convergence criteria, using five indices capturing the prevalence of democracy and freedom for the citizens, for regional African monetary unions in Africa, in West Africa and the CFA Franc Zone, and compare the convergence achieved by these nations with that of Turkey relative to the dominant economic player in Europe. It is noted that while Turkey lags behind in achieving convergence to the EU certain noneconomic factors, she does better in some others. Also, some African members of regional monetary unions are seen to fare worse that Turkey in converging to the specified non-economic criteria values.
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| 9. |
- Batavia, Bala, et al.
(författare)
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Country Growth Patterns : How Do Industrial and Emerging Market Nations Differ?
- 2011
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Ingår i: Journal of Economic Asymmetries. - : Elsevier BV. - 1703-4949. ; 8:2, s. 61-72
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Tidskriftsartikel (refereegranskat)abstract
- Some well-known two-sector models of industrial countries exhibit a crowding out effect between the main sectors of the economy. This is true of the Small Open Economy, traded-non-traded good model without nominal wage rigidity, and for the model of the Dutch Disease. In contrast, important models of semi-industrialized countries, or even emerging markets, such as the Bose Model, portray a complementary relation between the various sectors. This paper discusses a possible synthesis between these differing model specifications, and tests the applicability of these models for a large sample of industrial countries, emerging markets and developing economies by analyzing the inter-linkages in their sector growth patterns.
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