Regional and Global Financial Integration of the Gulf Co-operation Community Countries

• 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.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

Nyckelord

Business and economics

Ekonomi

Publikations- och innehållstyp

vet (ämneskategori)

rap (ämneskategori)