Monetary union among member countries of the gulf cooperation council

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 detaile...

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Bibliographische Detailangaben
Hauptverfasser:	Fasano-Filho, Ugo, Schaechter, Andrea
Format:	Buch
Sprache:	eng
Schlagworte:	Arabische Golf-Staaten Arbeitsmarkt Bahrain Bruttoinlandsprodukt Erdöl Geldpolitik/Kreditpolitik Golfstaaten Gulf Cooperation Council Inflation International economics Katar Kosten-Nutzen-Analyse Kuwait Leitzinsen Länderbericht Monetary unions Oman Persian Gulf Region Regionale internationale Wirtschaftszusammenarbeit Saudi-Arabien Vereinigte Arabische Emirate Wechselkurs Wechselkurspolitik Wirtschaftliche Entwicklung Wirtschaftliche und soziale Indikatoren Wirtschaftsreformen Währungspolitik Währungspolitische Staatengruppierung Währungsunion Öffentliche Finanzwirtschaft
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Zusammenfassung:	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.