Euro Experience and the Possibility of Financial & Monetary Integration in Arab Gulf Countries

Abstract

Based on the Theories of Optimum Currency Areas and Impossible Triangle, this paper looks at the practice analysis of Euro and ECB, and proposes the possibility of monetary integration in Arab Gulf countries. The author argues that at this stage, member states must collaborate closely, and coordinate fully amongst various conflicts. Only by doing this will they be able to create necessary conditions for upgrading the level of financial and monetary integration in Arabic Gulf countries.