Titlebook: Advancing Regional Monetary Cooperation; The Case of Fragile Laurissa Mühlich Book 2014 Palgrave Macmillan, a division of Macmillan Publis

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Book 2014This book examines regional monetary cooperation as a strategy to enhance macroeconomic stability in developing countries and emerging markets. Interdisciplinary case studies on Southern Africa, Southeast Asia and South America provide a cross-regional perspective on the viability of such strategy.

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https://doi.org/10.1057/9781137427212Regional monetary cooperation; regional monetary integration; financial crisis; monetary policy; exchang

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https://doi.org/10.1007/978-1-349-12964-5 precisely the reason to enhance regional monetary integration in order to shield against volatility in international financial markets and such crises as the global financial crisis of 2008/2009. Broadly speaking, one may ask whether developing countries. and emerging markets should refrain from mo

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Shayne C. Gad,Charles B. Spainhour944 after the Second World War as an international system of fixed yet adjustable exchange rates, including the foundation of the International Monetary Fund (IMF) as its supervisory body.. At the core of the Bretton Woods system stood the US dollar, with the Federal Reserve Bank of the United State

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https://doi.org/10.1007/978-3-030-43073-3ts of economic and monetary shocks related to exchange rate changes in the presence of net balance sheet effects (cf. Levy-Yeyati, 2006; Aghion et al., 2009). The literature unambiguously highlights the importance of well-developed financial markets, in particular the development of local currency-d

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Contract Theory in Continuous-Time Modelsll (1961). Numerous contributions have been made to OCA theory. These studies largely concentrate on empirically exploring how appropriate various regions in the world are in their ability to fit the conditions for successful regional monetary integration that have been set up by the first generatio

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Contract Theory in Continuous-Time Modelso external shocks.. The OCA literature suggests that asymmetric regional monetary integration is a costly undertaking, because regional monetary policy goes along with policy compromises that are likely to be less suitable, with fewer region-wide synchronized business cycles (cf. Mundell, 1961). In