Do We Need a GCC Bank to Facilitate the Economic Turnaround of the GCC Region
Bibliographic Data
| ID | 4837652 |
|---|---|
| Authors | Stuti Saxena (0000-0002-7837-3451, Central University of Haryana Haryana, India Siraj Quryat Trading & Contracting, LLC. Muscat Oman), Aflah Said Nasser Al‐hadrami (Vice‐President, Supply Chain Occidental of Oman, Inc. Muscat Oman) |
| Year | 2017 |
| Volume | 26 |
| Issue | 2 |
| Pages | 226-247 |
| Publication date | 2017-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Digest of Middle East Studies (JOURNAL) |
| Journal identifiers | ISSN: 1060-4367 • E-ISSN: 1949-3606 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/dome.12111 |
| OpenAlex | W2740775506 |
| Language | EN |
| References cited | 32 |
Amidst the ongoing crisis of plummeting oil prices, the GCC (Gulf Cooperation Council) terrain has become a haunt of economists and financial analysts to tackle the ongoing challenges in the region. GCC constituents are gearing themselves with a robust political will that they hope could result in a turnaround of their economy by adopting a policy of economic diversification in nonoil-based sectors. With this background supported by extensive qualitative scan of literature pertaining to the reforms proposed by the six members of the GCC to drive the economy forward amidst ongoing economic crisis, this article seeks to underscore the prospect of a shared initiative by the GCC constituents in institutionalizing a GCC bank as a potent innovative solution which may serve to provide an edifice for pushing forth the region's economy in nonhydrocarbon segments contingent upon the individual needs of the GCC constituents. As an exploratory study, this paper sheds light on these issues besides discussing the fundamental functions of the GCC bank
Business · Economic policy · Economics · Economy · Financial crisis · Financial system · Macroeconomics · Political science · Politics · Banking stability, regulation, efficiency · Islamic Finance and Banking Studies · Natural Resources and Economic Development · Marketing
| Citation velocity | historical |
|---|---|
| Highly cited | No |