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dc.contributor.authorHebous, Shafiken_US
dc.description.abstractThis paper attempts to highlight the main characteristics of the economies of the Gulf Cooperation Council (GCC) and their plan to form a monetary union by 2010. Several aspects are considered such as the pattern of trade, the monetary side, and the fiscal side. The main conclusion is that the large similarities among the GCC members reduce the costs of introducing a single currency while the small intra-trade volume reduces the benefits. Furthermore, in general the GCC states have achieved a noteworthy degree of convergence taking the European convergence criteria as a reference.en_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel advanced studies working papers 431en_US
dc.titleOn the monetary union of the Gulf Statesen_US
dc.typeWorking Paperen_US
Appears in Collections:Kiel Advanced Studies Working Papers, IfW
Publikationen von Forscherinnen und Forschern des IfW

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