Monetary union among member countries of the Gulf Cooperation Council / by a staff team led by Ugo Fasano with Adrea Schaechter, Rina Bhattacharya, Ibrahim Al Gelaiqah, Behrouz Guerami, Shehadah Hussein, Bright Okogu, Van Can Thai, and John Wilson.

Fareword, vii -- Preface, ix -- Abbreviations and acronyms, x -- I. Overview / Ugo Fasano, 1 -- II. Progress toward economic integration and convergence among GCC countries / Ugo Fasano, 5 -- III. Main lessons the experience of monetary unions / Rina Bhattacharya and Ugo Fasano, 13 -- IV. Potential benefits and costs of a common currency for GCC countries / Andrea Schaechter, 16 -- V. Options for implementing a monetary union among GCC countries / Ugo Fasano and Andrea Shaechter, 23 -- Appendixes I. Economic performance and policies of GCC countries, 1990-2002, 31 -- II. GCC countries: Comparative tax rates and incentives, 47 -- III. GCC countries: Summary of recent key structural reforms in selected areas, 49 -- IV. Experience of selected monetary unions, 53 -- Bibliography, 58.