This paper focuses on some key aspects of the Gulf Monetary Union and specifically on the new central bank policy in the area of reserve management policy. It will address whether holding a substantial part of reserves in gold would enhance the stability of the new currency and in general how a...

The MENASA region is experiencing a secular wave of transformation with two epicenters, India and the GCC. In the former, the main drivers are a “Goldilocks” demographics and the long lasting impact of reforms enacted in the 1990s by Dr. Singh (India's current PM) are expected to solidify...