УСЛОВИЯ ФОРМИРОВАНИЯ ВАЛЮТНОГО СОЮЗА НА ПРИМЕРЕ СТРАН ПЕРСИДСКОГО ЗАЛИВА

Increased interest towards monetary union formation in different parts of the world highlights the importance to determine theoretical foundation for monetary integration, review probable consequences of such a union and draw conclusions. We do this with the case study of Persian Gulf countries. Brief analysis of monetary union formation in the EU gives us opportunity to outline pros and cons of monetary integration in general. Paper proceeds with the evaluation of main research publications on the topic of monetary integration in the Arab states of the Gulf.