Monetary Union Among Member Countries of the Gulf Cooperation Council

Monetary Union Among Member Countries of the Gulf Cooperation Council PDF Author: Mr.Ugo Fasano-Filho
Publisher: International Monetary Fund
ISBN: 9781589062191
Category : Business & Economics
Languages : en
Pages : 80

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Book Description
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.

Monetary Union Among Member Countries of the Gulf Cooperation Council

Monetary Union Among Member Countries of the Gulf Cooperation Council PDF Author: Mr.Ugo Fasano-Filho
Publisher: International Monetary Fund
ISBN: 9781589062191
Category : Business & Economics
Languages : en
Pages : 80

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Book Description
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.

Currency Union and Exchange Rate Issues

Currency Union and Exchange Rate Issues PDF Author: Ronald MacDonald
Publisher: Edward Elgar Publishing
ISBN: 1849805377
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
This book written by leading academics and practitioners in the field brings together cutting edge research on exchange rate regime and monetary union issues. There is a particular focus on the implications for member states of the Gulf Cooperation Council (GCC) which is itself working towards forming a monetary union for the Gulf States. The relatively dramatic movements in the US dollar in the recent past, and also in the early 1990s, have called the practice of pegging to the US dollar into question for a group of countries that predominantly rely on hydrocarbons as their primary export. The book considers the key issues which must be addressed by the GCC in trying to form a monetary union for the Gulf countries and also the rigid pegging of member states currencies to the US dollar. The proposed monetary union raises clear issues in terms of the appropriateness of such a regime for these countries and whether, for example, the necessary institutional mechanisms are in place ahead of the proposed union. Currency Union and Exchange Rate Issues brings together the perspectives of a group of experts who focus on these important issues, and provide analysis of the policy options. Academics, policymakers and postgraduates in international finance will find much to consider and learn from in this informative book.

Monetary Union in the Gulf

Monetary Union in the Gulf PDF Author: Emilie Rutledge
Publisher:
ISBN:
Category : Monetary unions
Languages : en
Pages : 143

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Book Description
This book examines the proposed currency union of the Gulf Co-operation Council (GCC)? Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates? which is due to come into effect in 2010.

Gulf Monetary Union

Gulf Monetary Union PDF Author: Joseph Obeid
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description


The GCC Monetary Union

The GCC Monetary Union PDF Author: Mr.S. Nuri Erbas
Publisher: International Monetary Fund
ISBN: 1451848811
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
We compare the dollar peg to a dollar-euro basket peg as alternative exchange rate regimes for the incipient Gulf Cooperation Council (GCC) currency union. Quantitative evidence suggests basket peg does not dominate dollar peg for improving external stability. However, as GCC exports and external financial assets become more diversified, a more flexible exchange policy may be necessary for competitiveness and stability. Pegging the prospective common GCC currency to a basket, like the dollar-euro basket, may provide a conservative transitional strategy toward a more flexible exchange rate policy.

The Road Towards Gulf Monetary Union

The Road Towards Gulf Monetary Union PDF Author: Gabriela Lippe-Holst
Publisher:
ISBN: 9783725562169
Category : Monetary unions
Languages : en
Pages : 71

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Book Description


On the Monetary Union of the Gulf States

On the Monetary Union of the Gulf States PDF Author: Shafik Hebous
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries

Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries PDF Author: Abdulrahman K. L. Al-Mansouri
Publisher: International Monetary Fund
ISBN: 1451862989
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
The six member states of the Gulf Cooperation Council (GCC)-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE)-have laid out a path to a common market by 2007 and monetary union by 2010, based on economic convergence. To monitor convergence and support economic and monetary policy, comparable economic data for member countries and data for the region as a whole will be essential. What is the most efficient way to produce these data? The authors survey the statistical institutions in the GCC countries and present the case for creating "Gulfstat"-a regional statistical agency to operate within a "Gulf States System of Statistics." Valuable lessons can be learned from regional statistical organization in Africa and the European Union-Afristat and Eurostat.

Monetary Union in the Gulf Cooperation Council

Monetary Union in the Gulf Cooperation Council PDF Author: Makram Bou Nassar
Publisher:
ISBN:
Category :
Languages : en
Pages : 432

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Book Description


Monetary Union Among Member Coutries of the Gulf Cooperation Council

Monetary Union Among Member Coutries of the Gulf Cooperation Council PDF Author: Staff Team Led
Publisher:
ISBN:
Category :
Languages : en
Pages : 62

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Book Description