The GCC Monetary Union : Some Considerations for the Exchange Rate Regime

Some Considerations for the Exchange Rate Regime

The GCC Monetary Union : Some Considerations for the Exchange Rate Regime
We compare the dollar peg to a dollar-euro basket peg as alternative exchange rate regimes for the incipient Gulf Cooperation Council (GCC) currency union. Quantitative evidence suggests basket peg does not dominate dollar peg for improving external stability. However, as GCC exports and external financial assets become more diversified, a more... READ MORE...

Publication date: April 2003
ISBN 9781451848816
$15.00

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