Monetary integration between the Israeli, Jordanian and Palestinian economies

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8 Scopus citations

Abstract

Monetary Integration between the Israeli, Jordanian and Palestinian Economies. - The peace process between Israel and the Palestinians raises some interesting economic questions concerning integration between the West Bank, Gaza and Israel. Past and current arrangements between Israel, the occupied territories and Jordan are described, especially the flows of goods and labour. The authors' findings indicate that Israel, the West Bank and Gaza were closely integrated, whereas economic integration between the occupied territories and Jordan was much weaker. Based on these circumstances of the past, the (imposed) monetary union between Israel and the Palestinian economy was warranted. However, optimal monetary arrangements in the future will depend on the extent of changes in real flows and on a satisfactory settlement of the seigniorage issue. JEL no. E42, O11, O53.

Original languageEnglish
Pages (from-to)259-277
Number of pages19
JournalWeltwirtschaftliches Archiv
Volume132
Issue number2
DOIs
StatePublished - 1 Jan 1996

ASJC Scopus subject areas

  • Business, Management and Accounting (all)

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