Construction of an Optimum Currency Area Index Anchored to the Gold Dinar: The Case of Selected Islamic Countries
This paper constructs an Optimum Currency Area (OCA) Index by using the gold price as a nominal anchor and substitute for the US Dollar. The use of gold Dinar is in line with the spirit for implementing Sunnah money (gold Dinar). The method used for estimating the OCA-gold Index is the standard dev...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2017-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/4491 |