Series: IMF Working Papers
Author(s): Raphael Espinoza , Oral Williams , and Ananthakrishnan Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2010
Keywords: Interest rate convergence, sigma-convergence, beta-convergence, arbitrage opportunity, cross-listing, regional capital flows, financial integration, capital flows, equity markets, deposit rates
We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is non-negligible. Bahrain a...