Monetary Union Among Member Countries of the Gulf Cooperation Council

Author/Editor:

Ugo Fasano-Filho ; Andrea Schaechter

Publication Date:

August 29, 2003

Electronic Access:

Link to Abstract

Summary:

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.

Series:

Occasional Paper No. 223

English

Publication Date:

August 29, 2003

ISBN/ISSN:

9781589062191/0251-6365

Stock No:

S223EA

Price:

$25.00 (Academic Rate:$22.00)

Format:

Paper

Pages:

72

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