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Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union

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  • Russell C. Krueger
  • Ettore Kovarich
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    Abstract

    Looking ahead to the creation of a Gulf Cooperation Council (GCC) Currency Union in 2010, the paper covers some implications for the statistical programs of the GCC countries. Despite uncertainty over the structure of the proposed union, the paper envisions several types of mutually reinforcing statistics-convergence criteria, statistics on the core policy variables and instruments, additional macroeconomic data, specialized statistics related to the economic and institutional conditions within the union, and public information. Major changes to national statistical programs are needed that should begin soon.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=19126
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 06/141.

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    Length: 23
    Date of creation: 01 Jun 2006
    Date of revision:
    Handle: RePEc:imf:imfwpa:06/141

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    Related research

    Keywords: Statistics; monetary union; monetary policy; statisticians; central bank; monetary monetary fund; inflation; monetary aggregates; time series; financial statistical system; monetary policies; statistical data; surveys; monetary unions; european monetary union; statistical information; money stock; monetary institutions; monetary control; monetary system; statistical tests; monetary policy decision; monetary analysis; compulsory reserve requirements; monetary policy strategy; monetary integration; statistical terms; monetary data; monetary policy instruments; monetary arrangements; monetary systems; reserve requirements; international monetary arrangements; european monetary institute; government securities;

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    1. Michael Sturm & Nikolaus Siegfried, 2005. "Regional monetary integration in the member states of the Gulf Cooperation Council," Occasional Paper Series 31, European Central Bank.
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