Regional financial integration in the Gulf Cooperation Council banking and stock markets
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The main objective of this research is to examine the degree of regional and global financial integration among the banking and stock Markets in the Gulf Cooperation Council (GCC). The cointegrating and causal relationships between these financial systems is examined to discover whether or not progress towards regional and global financial integration is being achieved, which is more important, and whether or not current policies are the most appropriate instruments to that end
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