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

Author

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  • 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

  • Russell C Krueger & Ettore Kovarich, 2006. "Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union," IMF Working Papers 06/141, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:06/141
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=19126
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    References listed on IDEAS

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

    1. repec:wsi:medjxx:v:02:y:2010:i:02:n:s179381201000023x is not listed on IDEAS
    2. Emilie Rutledge, 2008. "Is EMU a viable model for monetary integration in the Arabian Gulf?," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 11(2), pages 123-134.

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