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structure of the suggested Central Bank for GCC and How might this bank be similar or different from the European Central Bank? - Assignment Example

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structure of the suggested Central Bank for GCC and How might this bank be similar or different from the European Central Bank?

They would only majorly borrow traits from systems like that of the EU central Banking system. Formulation of the likely structure is therefore of fundamental and of primary concern and ensuring that the structure is the most suitable and applicable is paramount. Proper systems would ensure that the costs of banking within the region are highly regulated and that tight controls are ensured of money and money operations. Introduction Our main task in this assignment is to discuss the likely structure of the suggested GCC Central Bank. We are also required to its similarity and differences with the European Central Bank. Furthermore, we have to find the arguments supporting and those against such a system and most importantly the objectives of the system. The GCC central bank has the main aim of bringing together the operations of the 5 central banks within the U.A.E in a regulatory manner. It would therefore be modeled in a closed system of financial accounts; this means that the equilibrium volume of banks intermediation between the households and corporate would show structural measures like preferences to households, cost structures, loan demand by corporate (Cobham & Dibeh 2011). Inclusive in the structure would be the integration of the differences in borrowing and deposit rates of the central banks of the five countries (Grauwe & Dewachter 1999). ...
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Date Executive Summary Gulf Council Countries (GCC) Central Bank Brings together Central Banks of Bahrain, Kuwait, Oman, Qatar and the Saudi Arabian Monetary agency under one platform in more sophisticated system to help in handling their banking needs in the U.A.E zone…
Author : vcollins

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