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

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  • Mr. Russell C Krueger
  • Ettore Kovarich

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.

Suggested Citation

  • Mr. Russell C Krueger & Ettore Kovarich, 2006. "Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union," IMF Working Papers 2006/141, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2006/141
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    References listed on IDEAS

    as
    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.
    2. Sturm, Michael & Siegfried, Nikolaus, 2005. "Regional monetary integration in the member states of the Gulf Cooperation Council," Occasional Paper Series 31, European Central Bank.
    3. Abdulrahman K Al-Mansouri & Ms. Claudia H Dziobek, 2006. "Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries: A Case for "Gulfstat"," IMF Working Papers 2006/038, International Monetary Fund.
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    Cited by:

    1. Mohamed Benbouziane & Abdelhak Benamar, 2010. "Could GCC Countries Achieve an Optimal Currency Area?," Middle East Development Journal, Taylor & Francis Journals, vol. 2(2), pages 203-227, January.
    2. Emilie Rutledge, 2008. "Is EMU a viable model for monetary integration in the Arabian Gulf?," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 11(2), pages 123-134.
    3. Emilie Rutledge, 2008. "Is EMU a viable model for monetary integration in the Arabian Gulf?," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 11(2), pages 123-134.

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