Monetary Union Among Member Countries of the Gulf Cooperation Council
Author | : Mr.Ugo Fasano-Filho |
Publisher | : International Monetary Fund |
Total Pages | : 80 |
Release | : 2003-08-29 |
ISBN-10 | : 1589062191 |
ISBN-13 | : 9781589062191 |
Rating | : 4/5 (191 Downloads) |
Download or read book Monetary Union Among Member Countries of the Gulf Cooperation Council written by Mr.Ugo Fasano-Filho and published by International Monetary Fund. This book was released on 2003-08-29 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.