資源描述：
《Monetary Union in the Gulf 》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、MonetaryUnionintheGulfAtatimeofmomentousshiftsinthebalanceofworldeconomicforcesepito-mizedbythecurrentoilpriceboom,theweakeningUSdollarandtheglobalcreditcrunch,themeteoricriseoftheArabianPeninsulacannotbeunderstated.Neither,therefore,cantheirplannedmonetaryunion.Askeysuppliersofthew
2、orld’soilandgastheGulfstateshaveaccumulatedvastwealth:takentogethertheirsovereignwealthfundsarebyfartheworld’slargestandthein?uenceofthesefundsisbecomingincreasinglyapparent.Thisbookprovidesathoroughanalysisofthescheduled2010monetaryunion.Its?ndingsarebasedonbothprimaryresearchandad
3、etailedempiricalanalysisoftheregion’seconomiesspanning1980–2006.Itassessestheregionagainstoptimalcurrencyareacri-teria,theEuropeancriteria,highlightsoutstandingpreparationsandconsiderstheunderlyingeconomicandpoliticalfactorsthatmayaidorindeeddelaythelaunchdate.Criticallythisbookargu
4、esthatthepresentdollar-pegexchangerateregimesarenolongeroptimal.ThefutureGulfdinarislikelytoseekamoreindependentpath.Therami?cationsofthis–apotentialIslamicanchorcurrencyandanalternativeoil-invoicingcurrency–arealsoconsideredinsomedetail.EmilieJ.RutledgeisAssistantProfessorofEconomi
5、csattheUnitedArabEmiratesNationalUniversity.SheregularlycontributesarticlesandopinionpiecesonGCCeconomicissuestotheregionalpress.PreviouslysheworkedasaneconomistattheGulfResearchCenter,aDubai-basedthinktank.EmilieJ.Rutledge’snewbook,MonetaryUnionintheGulf:prospectsforasinglecurrency
6、intheArabianPeninsulaisthe?rstsystematic,book-lengthtreatmentofthecaseforandagainstmonetaryunionamongthemembersoftheGulfCooperationCouncil.Itrede?nesthe?eldofexchangerateeco-nomicsfortheGulfstatesandraisesthedebatetoanewandhigherlevel.Thebookisasexcellentasitistimely.EachoftheGCCmem
7、bersisengagedinanevaluationofthemeritsanddemeritsofthebilateralUSdollarpegsthathavebeenthedominantexchangerateregimeoftheregion.DrRutledgepresentstherelevanteconomictheoriesclearlyandmarshalstheempiricalevidenceconvincingly.Herfamiliaritywithanddeepunder-standingoftheregionpermither
8、toaddressnotonlythe
