Balance Sheets Bolster GCC States As They Ponder A Change In Exchange Rate Regimes
by Farouk Soussa This publication is for IABFM Fellows only [More Info]
There is intense debate at present over whether or not the Gulf Cooperation Council (GCC) states will revalue their currencies, follow Kuwait's lead in adopting an exchange rate regime based on a basket of currencies, or both. The source of this speculation is the conflict between the loose monetary stance of the U.S. Federal Reserve, which GCC central banks mimic as a result of their dollar pegs, and rising domestic inflation, which calls for a tighter stance.
Access : For Fellow
Pages : 7
Category : Financial Analyst
Cost :
Free
Date Published : 2008-01-06
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