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Economic Policies and the Possibilities of Unified GCC Currency

Author

Listed:
  • manhal shotar

    (university of qatar)

  • khalid shams

    (university of qatar)

Abstract

The aim of this study is to identify the extent to which the GCC countries can adopt similar economic policies by the time of the formation of the GCC unified currency in 2010. Among many other convergence standards, the study suggests to examine the economic structure of the GCC countries to identify similarities. Estimating the model using SUR technique, the study finds significant differences between GCC countries economic policies. The results suggest that GCC countries need to grant more policy coordination to lessen the differences in order to facilitate better design of unified economic policies that are conducive to the establishment of a monetary union.

Suggested Citation

  • manhal shotar & khalid shams, 2005. "Economic Policies and the Possibilities of Unified GCC Currency," Macroeconomics 0506003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0506003
    Note: Type of Document - doc; pages: 15. the paper is in arabic
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    References listed on IDEAS

    as
    1. Porzecanski, Arturo C, 1979. "Patterns of Monetary Policy in Latin America," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(4), pages 427-437, November.
    2. Cecchetti, Stephen G. & Kashyap, Anil K, 1996. "International cycles," European Economic Review, Elsevier, vol. 40(2), pages 331-360, February.
    3. Mr. Ugo Fasano-Filho & Ms. Andrea Schaechter, 2003. "Monetary Union Among Member Countries of the Gulf Cooperation Council," IMF Occasional Papers 2003/006, International Monetary Fund.
    4. Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September.
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    Cited by:

    1. Ahmed AlKholifey & Ali Alreshan, 2010. "GCC monetary union," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the SARB/IFC seminar on "Economic and financial convergence en route to regional economic integration: experience, prospects and statis, volume 32, pages 17-51, Bank for International Settlements.
    2. repec:ipg:wpaper:2014-568 is not listed on IDEAS

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    More about this item

    Keywords

    monetary policies; GCC area;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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