Monetary Union Among Member Countries of the Gulf Cooperation Council

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Monetary Union Among Member Countries of the Gulf Cooperation Council by Ugo Mr. Fasano-Filho, Andrea Ms. Schaechter, INTERNATIONAL MONETARY FUND
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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.

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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.

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