Monetary Union Among Member Countries of the Gulf Cooperation Council
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Ugo Mr. Fasano-Filho, Andrea Ms. Schaechter | ISBN: | 9781452741918 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | August 29, 2003 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Ugo Mr. Fasano-Filho, Andrea Ms. Schaechter |
| ISBN: | 9781452741918 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | August 29, 2003 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--have made important progress toward economic and financial integration, with the aim of establishing an economic and monetary union. This paper provides a detailed analysis of the economic performance and policies of the GCC countries during 1990-2002. Drawing on the lessons from the experience of selected currency and monetary unions in Africa, Europe, and the Caribbean, it assesses the potential costs and benefits of a common currency for GCC countries and also reviews the options for implementing a monetary union among these countries.
The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--have made important progress toward economic and financial integration, with the aim of establishing an economic and monetary union. This paper provides a detailed analysis of the economic performance and policies of the GCC countries during 1990-2002. Drawing on the lessons from the experience of selected currency and monetary unions in Africa, Europe, and the Caribbean, it assesses the potential costs and benefits of a common currency for GCC countries and also reviews the options for implementing a monetary union among these countries.
