Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries

Abstract: The triple crises of 2008 with its enormous impact on the world trade have made many countries to start to look inward on how to prevent or curtail the future re-occurrence and impact. The Organization of Islamic Cooperation Countries should not be left out of the effort to beat future c...

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Main Authors:	Yusuf, Muhammad-Bashir, Meera, Ahamed Kameel Mydin, Mat Ghani, Gairuzazmi, Abdul Manap, Turkhan Ali, Larbani, Moussa
Format:	Article
Language:	English
Published:	IDOSI Publications 2012
Subjects:	HG201 Money
Online Access:	http://irep.iium.edu.my/28594/ http://irep.iium.edu.my/28594/ http://irep.iium.edu.my/28594/ http://irep.iium.edu.my/28594/1/Gmail_-_IEEE_COMST__Decision_COMST-00006-2012.pdf

id	iium-28594
recordtype	eprints
spelling	iium-285942013-02-13T10:50:49Z http://irep.iium.edu.my/28594/ Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries Yusuf, Muhammad-Bashir Meera, Ahamed Kameel Mydin Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali Larbani, Moussa HG201 Money Abstract: The triple crises of 2008 with its enormous impact on the world trade have made many countries to start to look inward on how to prevent or curtail the future re-occurrence and impact. The Organization of Islamic Cooperation Countries should not be left out of the effort to beat future crises of this nature. To do this, they need to look inward and strengthen the intra trade among one another. To achieve this, they need a common platform in terms of trade coordination and a generally accepted international reserve currency that will be stable and will not be a potential source of crises in itself. All these require a proper strategic planning and evaluation of what is and what is supposed to be. This study is one of the earliest works in that direction. This study used a non linear mathematical programming to analyze the efficient trade matrix among OIC countries and the gold reserve requirements for every single country that participate in that trade. It was discovered that trade among these countries could be maximized based on the output of the analysis. The quantities of gold required by each of the country to participate in the multi-bilateral and multilateral trade were also found out. It was also discovered that the quantity of gold needed for such trade was least in multilateral trade arrangement. This study has a lot of implications in strengthen the cooperation among OIC countries and maximizing the trade relationship among them. Key words: Financial crisis % Efficient trade matrix % Gold reserve requirement % Commodity trade % OIC IDOSI Publications 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/28594/1/Gmail_-_IEEE_COMST__Decision_COMST-00006-2012.pdf Yusuf, Muhammad-Bashir and Meera, Ahamed Kameel Mydin and Mat Ghani, Gairuzazmi and Abdul Manap, Turkhan Ali and Larbani, Moussa (2012) Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries. Middle East Journal of Scientific Research (MEJSR), 12 (4). pp. 547-559. ISSN 1990-9233 http://idosi.org/mejsr/mejsr12(4)12/19.pdf 10.5829/idosi-mejsr.2012.12.4.1697
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG201 Money
spellingShingle	HG201 Money Yusuf, Muhammad-Bashir Meera, Ahamed Kameel Mydin Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali Larbani, Moussa Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries
description	Abstract: The triple crises of 2008 with its enormous impact on the world trade have made many countries to start to look inward on how to prevent or curtail the future re-occurrence and impact. The Organization of Islamic Cooperation Countries should not be left out of the effort to beat future crises of this nature. To do this, they need to look inward and strengthen the intra trade among one another. To achieve this, they need a common platform in terms of trade coordination and a generally accepted international reserve currency that will be stable and will not be a potential source of crises in itself. All these require a proper strategic planning and evaluation of what is and what is supposed to be. This study is one of the earliest works in that direction. This study used a non linear mathematical programming to analyze the efficient trade matrix among OIC countries and the gold reserve requirements for every single country that participate in that trade. It was discovered that trade among these countries could be maximized based on the output of the analysis. The quantities of gold required by each of the country to participate in the multi-bilateral and multilateral trade were also found out. It was also discovered that the quantity of gold needed for such trade was least in multilateral trade arrangement. This study has a lot of implications in strengthen the cooperation among OIC countries and maximizing the trade relationship among them. Key words: Financial crisis % Efficient trade matrix % Gold reserve requirement % Commodity trade % OIC
format	Article
author	Yusuf, Muhammad-Bashir Meera, Ahamed Kameel Mydin Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali Larbani, Moussa
author_facet	Yusuf, Muhammad-Bashir Meera, Ahamed Kameel Mydin Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali Larbani, Moussa
author_sort	Yusuf, Muhammad-Bashir
title	Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries
title_short	Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries
title_full	Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries
title_fullStr	Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries
title_full_unstemmed	Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries
title_sort	efficient trade matrix and gold reserve requirement for commodity trade among oic countries
publisher	IDOSI Publications
publishDate	2012
url	http://irep.iium.edu.my/28594/ http://irep.iium.edu.my/28594/ http://irep.iium.edu.my/28594/ http://irep.iium.edu.my/28594/1/Gmail_-_IEEE_COMST__Decision_COMST-00006-2012.pdf
first_indexed	2023-09-18T20:42:08Z
last_indexed	2023-09-18T20:42:08Z
_version_	1777409435470135296

Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries

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