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IMF Staff Country Reports

by Marc Zelmer Andrea Schaechter

A report from the International Monetary Fund.

Implementation of Monetary Policy and the Central Bank's Balance Sheet1

by Andrea Schaechter

A report from the International Monetary Fund.

Monetary Union Among Member Countries of the Gulf Cooperation Council

by Andrea Schaechter Rina Bhattacharya Bright Okogu Van Can Thai John Wilson

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.

Showing 1 through 5 of 5 results

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