海湾货币一体化经济基础分析

Abstract:Gulf of Arabia National Cooperative Committee composed of six member states of the Gulf joint market was officially launched in January 1, 2008. Since the creation of the GCC, six deepening economic cooperation, the establishment of the common market, the free flow of elements within the region, marking the Gulf countries in the regional economic integration of the road taken an important step, on the basis of this, the six Gulf countries is seeking money more close cooperation, and plans to 2010 unified six currencies. However, whether the Gulf monetary unification plan can be implemented on time is the focus of the academic debate, because in accordance with the optimal currency area theory, the realization of monetary integration requires strict conditions. In this paper, we use the optimal currency area theory to assess the feasibility of the Gulf currency unification plan by examining the key economic indicators of the six Gulf countries.

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