Purpose – This paper aims to make two main additions to the literature on Gulf Cooperation Council (GCC) monetary union. First, it emphasizes that the creation of a fiscal union is necessary for the GCC monetary union to succeed. Second, it proposes some alternatives to pegging to the dollar,...

Purpose: The purpose of this study is to quantify the impact of Ramadan on both the level and the growth of global raw sugar price. Design/methodology/approach: The study uses a dummy and a fractional variable to capture Ramadan to overcome the asynchronicity of time between Ramadan fasting...