The creation of a monetary union has been the primary objective of the Gulf Cooperation Council (GCC) members since the early 1980s. Significant progress has already been made in regional economic integration: The GCC countries have largely unrestricted intraregional mobility of goods, labor,...

1. Introduction / Ronald MacDonald and Abdulrazak Al Faris -- 2. Currency union in the GCC countries : history, prerequisites and implications / Abdulrazak Al Faris -- 3. Economic, political and institutional prerequisites for monetary union among the members of the Gulf Cooperation Council /...