Monetary Union Among Member Countries of the Gulf Cooperation Council

Monetary Union Among Member Countries of the Gulf Cooperation Council

Author: Mr.Ugo Fasano-Filho

Publisher: International Monetary Fund

Published: 2003-08-29

Total Pages: 80

ISBN-13: 9781589062191

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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.


Book Synopsis Monetary Union Among Member Countries of the Gulf Cooperation Council by : Mr.Ugo Fasano-Filho

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.


Currency Union and Exchange Rate Issues

Currency Union and Exchange Rate Issues

Author: Ronald MacDonald

Publisher: Edward Elgar Publishing

Published: 2010-01-01

Total Pages: 209

ISBN-13: 1849805377

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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.


Book Synopsis Currency Union and Exchange Rate Issues by : Ronald MacDonald

Download or read book Currency Union and Exchange Rate Issues written by Ronald MacDonald and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author: Emilie Rutledge

Publisher:

Published: 2008

Total Pages: 143

ISBN-13:

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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.


Book Synopsis Monetary Union in the Gulf by : Emilie Rutledge

Download or read book Monetary Union in the Gulf written by Emilie Rutledge and published by . This book was released on 2008 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


The Road Towards Gulf Monetary Union

The Road Towards Gulf Monetary Union

Author: Gabriela Lippe-Holst

Publisher:

Published: 2011

Total Pages: 71

ISBN-13: 9783725562169

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Book Synopsis The Road Towards Gulf Monetary Union by : Gabriela Lippe-Holst

Download or read book The Road Towards Gulf Monetary Union written by Gabriela Lippe-Holst and published by . This book was released on 2011 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The GCC Monetary Union

The GCC Monetary Union

Author: Mr.S. Nuri Erbas

Publisher: International Monetary Fund

Published: 2003-04-01

Total Pages: 26

ISBN-13: 1451848811

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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.


Book Synopsis The GCC Monetary Union by : Mr.S. Nuri Erbas

Download or read book The GCC Monetary Union written by Mr.S. Nuri Erbas and published by International Monetary Fund. This book was released on 2003-04-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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

Author: Abdulrahman K. L. Al-Mansouri

Publisher: International Monetary Fund

Published: 2006-02-01

Total Pages: 33

ISBN-13: 1451862989

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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.


Book Synopsis Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries by : Abdulrahman K. L. Al-Mansouri

Download or read book Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries written by Abdulrahman K. L. Al-Mansouri and published by International Monetary Fund. This book was released on 2006-02-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Gulf Monetary Union

Gulf Monetary Union

Author: Joseph Obeid

Publisher:

Published: 2010

Total Pages: 0

ISBN-13:

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Book Synopsis Gulf Monetary Union by : Joseph Obeid

Download or read book Gulf Monetary Union written by Joseph Obeid and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:


On the Monetary Union of the Gulf States

On the Monetary Union of the Gulf States

Author: Shafik Hebous

Publisher:

Published: 2006

Total Pages:

ISBN-13:

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Book Synopsis On the Monetary Union of the Gulf States by : Shafik Hebous

Download or read book On the Monetary Union of the Gulf States written by Shafik Hebous and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


Advances in Monetary Policy Design

Advances in Monetary Policy Design

Author: Ryadh M. Alkhareif

Publisher: Cambridge Scholars Publishing

Published: 2013-10-03

Total Pages: 145

ISBN-13: 144385333X

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In response to the recent financial crisis, many countries have initiated monetary stimulus packages. Maintaining proper measures of monetary aggregates is of particular importance for such economic policies. However, many central banks worldwide use the simple-sum monetary indexes, which ignore the liquidity characteristics of financial assets. Using the simple-sum indexes can produce misleading information, especially for broad monetary aggregates within which financial assets are not likely to be perfect substitutes. This book focuses on alternative economic stability indicators, and outlines the methods for constructing proper monetary and financial indicators – known as Divisia indexes. The Divisia monetary indexes are designed to measure accurately the liquidity in the economy by assigning different weights to different financial assets according to their usefulness in transactions. This book is highly relevant to economists interested in monetary policy and the construction of core inflation indicators and proper monetary indexes, in accordance with aggregation and index number theory. This book is the first to publish Divisia-based money supply indexes and core inflation indicators for the Gulf Cooperation Council (GCC) countries and for the Gulf Monetary Union. Researchers who use the financial data published by GCC central banks can use our indexes and findings to examine the interactions among the relevant macro-economic variables.


Book Synopsis Advances in Monetary Policy Design by : Ryadh M. Alkhareif

Download or read book Advances in Monetary Policy Design written by Ryadh M. Alkhareif and published by Cambridge Scholars Publishing. This book was released on 2013-10-03 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the recent financial crisis, many countries have initiated monetary stimulus packages. Maintaining proper measures of monetary aggregates is of particular importance for such economic policies. However, many central banks worldwide use the simple-sum monetary indexes, which ignore the liquidity characteristics of financial assets. Using the simple-sum indexes can produce misleading information, especially for broad monetary aggregates within which financial assets are not likely to be perfect substitutes. This book focuses on alternative economic stability indicators, and outlines the methods for constructing proper monetary and financial indicators – known as Divisia indexes. The Divisia monetary indexes are designed to measure accurately the liquidity in the economy by assigning different weights to different financial assets according to their usefulness in transactions. This book is highly relevant to economists interested in monetary policy and the construction of core inflation indicators and proper monetary indexes, in accordance with aggregation and index number theory. This book is the first to publish Divisia-based money supply indexes and core inflation indicators for the Gulf Cooperation Council (GCC) countries and for the Gulf Monetary Union. Researchers who use the financial data published by GCC central banks can use our indexes and findings to examine the interactions among the relevant macro-economic variables.


The GCC Monetary Union

The GCC Monetary Union

Author: Armin Stähli

Publisher:

Published: 2009

Total Pages:

ISBN-13:

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Book Synopsis The GCC Monetary Union by : Armin Stähli

Download or read book The GCC Monetary Union written by Armin Stähli and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: