Real Interest Rate Linkages in the GCC Countries

Mouawiya Al-Awad (mawad@uaeu.ac.ae.)
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Mouawiya Al-Awad: UAE Universit, Postal: College of Business and Economics United Arab Emirates, University, PO Box 17555, Al-Ain, UAE
Authors registered in the RePEc Author Service: Mouawiya Al Awad

Journal of Economic Integration, 1999, vol. 14, 368-381

Abstract:

Linkages among real interest rates in the Gulf Cooperation Council coun - tries and the US are investigated using a variety of time series tests. These tests provide an evidence of strong linkages among real interest rates within the GCC countries and between the GCC rates and the US real interest rate in the long run, but they provide weaker evidence for linkages in the short-run. More - over, the US does not seem to have a dominant financial role in the GCC mar - kets and that the GCC countries seem to have more integrated markets within the region than with the USA.

Keywords: GCC; financial integration; real interest parity (search for similar items in EconPapers)
JEL-codes: F21 F36 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0109

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