Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union

June 1, 2006

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Looking ahead to the creation of a Gulf Cooperation Council (GCC) Currency Union in 2010, the paper covers some implications for the statistical programs of the GCC countries. Despite uncertainty over the structure of the proposed union, the paper envisions several types of mutually reinforcing statistics-convergence criteria, statistics on the core policy variables and instruments, additional macroeconomic data, specialized statistics related to the economic and institutional conditions within the union, and public information. Major changes to national statistical programs are needed that should begin soon.

Subject: Banking, Currencies, Financial statistics, Labor, Monetary unions

Keywords: country, currency, currency union, GCC., union, WP

Pages:
23
Volume:
2006
DOI:
https://doi.org/10.5089/9781451864014.001
Issue:
141
Series:
Working Paper No. 2006/141
Stock No:
WPIEA2006141
ISBN:
9781451864014
ISSN:
1018-5941

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