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Towards a Single Currency in Natural Syria Region - A Conceptual Monetary Innovation: A Reflection

Author

Listed:
  • Wissam Samia

    (LEFMI (Laboratory of Economics, Finance, Management, and Innovation), University of Picardie Jules Verne, Amiens, France)

  • Nada Mallah Boustani

    (Faculty of Business & Management, Saint Joseph University, Social Science Campus, Beirut, Lebanon, and LEFMI (Laboratory of Economics, Finance, Management, and Innovation), Amiens, France)

Abstract

This research paper studies the benefits and the feasibility of a Single Currency in the Natural Syria region. The economic crisis that heavily weighs on the countries of this region makes it primordial to join forces and converge resources, potentials, and opportunities to raise the standard of living. A monetary union with its single currency may hold structural remedies to the woes of this region whose ability to face its economic, political, and internal difficulties depends mainly on the logic of support and cooperation. Based on a conceptual model of a currency basket, taking into consideration specific economic and monetary criteria, this potential union is enhanced by a single currency establishment that must be a feature of economic and political relations between the countries of the region which achieve the supreme interest represented in eliminating cases of fragmentation and disintegration and ensuring a comfortable life for the citizen. Hereby, the implementation of a Single Currency in Natural Syria seems to be a real turning point.

Suggested Citation

  • Wissam Samia & Nada Mallah Boustani, 2022. "Towards a Single Currency in Natural Syria Region - A Conceptual Monetary Innovation: A Reflection," Economic Research Guardian, Weissberg Publishing, vol. 12(2), pages 129-143, December.
    • Handle: RePEc:wei:journl:v:12:y:2022:i:2:p:129-143
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    More about this item

    Keywords

    Single currency; Monetary Union; Production; Innovation; Financial Integration;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F15 - International Economics - - Trade - - - Economic Integration

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