StudentShare solutions
Triangle menu

Prospects for a GCC common currency / Implications of GCC currency union - Dissertation Example

Not dowloaded yet

Extract of sample
Prospects for a GCC common currency / Implications of GCC currency union

A new date has not been set, speculations setting it anywhere from two to ten years hence, which provides sufficient time and opportunity to assess the merits and the wisdom of the implementation of this course of action. One important consideration is the unit of value against which the new GCC currency will be pegged. Some speculate that the new currency will be backed by gold, consistent with the teachings in the Quran against riba (interest). It was not discounted, however, that the peg may be against the US dollar, at least initially (Daily Star, 15 Feb 2010). A proposal to use the International Monetary Fund (IMF) Special Drawing Rights (SDR), a theoretical currency used by the IMF for member states transacting with it, has been rejected. If the currency becomes a reality, four states – Saudi Arabia, Kuwait, Bahrain, and Qatar – have committed to adopting it as sole legal tender. Two other states – the UAE and Oman – have signified that they shall not join the currency union, although it may be conjectured that there is always a possibility that this may happen at a later date, when it shall be advantageous for them to do so. Host for the GCC central bank for the common currency is agreed to be situated in Riyadh, Saudi Arabia. ...Show more

Summary

Prospects for a GCC common currency: Implications of GCC currency union Background of the research problem In 2002, the euro was adopted as the first single currency of any unified monetary region worldwide. The euro was established by provision of the Maastricht Treaty in 1992…
Author : noehahn
Prospects for a GCC common currency / Implications of GCC currency union essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the dissertation on your topic
"Prospects for a GCC common currency / Implications of GCC currency union"
with a personal 20% discount.
Grab the best paper

Related Essays

Implications of GCC currency union
The study first establishes the benefits and disadvantages that are associated with a unified regional currency and the issues attendant thereto. It then proceeds to determine whether the GCC monetary union as envisioned has a likelihood of success, what factors and attributes will determine this success.
56 pages (14000 words) Dissertation
Business Dissertation about Currency Wars
The main objective of this research is to understand the importance of the currency wars in international trade, so that each country can pursue the optimum level of currency manipulation in order to achieve prosperity and welfare for its citizens and the world, in general.
66 pages (16500 words) Dissertation
The impact of Oil price changes on the Gulf Council Countries (GCC) stock markets
The researcher will try to find out the effect of the oil prices on the stock markets of Gulf Council Countries considering all the factors which affects the stock market like the capital existing in the market, the gross domestic product, the unemployment rate etc. Is there a positive correlation between the two or there is a negative correlation between the two variables that would also be analyzed.
12 pages (3000 words) Dissertation
An Investigation of the impact of Oil price changes on the Gulf Council Countries (GCC) stock markets
I also affirm that the contents of this dissertation have not been previously presented for the submission of any degree. All the intellectual contents of the dissertation are output of my own work and knowledge. All the contributions made during the preparation of this dissertation are acknowledge Sincerely, Name Date Acknowledgment I found it obligatory to construct some words for conveying my gratitude and thanks to all the people who remained involved with me during the preparation of this dissertation.
52 pages (13000 words) Dissertation
Literature review and project specification : The influence of changing currency rates on consumers travel behaviour: Exploring
The key aspects of consumer travel behaviour include tourist destinations, hospitality, tourists’ attractions; tour operation, transport and retail travel (Swarbrooke & Horner, 2006). Various factors have affected the consumer travel behaviour in 2009/2010 including the economic conditions like consumer confidence, rising wealth in emerging economies; focus on frugal living; exchange rates; unpredictable events, emphasis on consumer health; increasing online travel packages; greener travelling; Gay tourism and demographic trends (Euromonitor, 2010).
8 pages (2000 words) Dissertation
Economic Implications of the EU's Single Currency on German Economy - Research Plan
There are a total of 27 countries across the European continents that have already signed the EU membership agreement (Central Intelligence Agency, 2011). Since it would be very difficult to examine the economic implications of using a single currency in 27 different countries, the researcher decided to focus on determining the impact of single currency on the economic situation of Germany.
4 pages (1000 words) Dissertation
METHODOLOGY for: Is Europe an Optimum currency area
The research paper tries to answer the question like how the weaker countries are affecting the stronger economical countries. How can it be defined to keep the weaker economical countries in the euro zone? And what are the pros and cons of adopting the old currency in the continent?
7 pages (1750 words) Dissertation
Prospects for a GCC common currency / Implications of GCC currency union
The year has come and gone, and the decade leading up to the deadline saw a flurry of studies on the likely success or failure of the union. Studies in the nineties and early in the new millennium tended to polarize views to either strongly favour or disfavour the eventual success of the union.
50 pages (12500 words) Dissertation
Economic Implications of the EU's Single Currency on German Economy
Literature Review 2.1 Possible effects of single currency----------------------------------------------------9 2.2 Positive effects on Germany----------------------------------------------------------11 2.3 Problems for Germany-----------------------------------------------------------------12 2.4 Fiscal fines paid to the ECB-----------------------------------------------------------14 2.5 Euro or Teuro----------------------------------------------------------------------------16 2.6 The macroeconomic indicators--------------------------------------------------------17 2.7 What Germany could have done------------------------------------------------------24 3.
40 pages (10000 words) Dissertation
Corporate governance in the GCC
The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs.
12 pages (3000 words) Dissertation
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT