New Issues In Regional Monetary Coordination
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New Issues in Regional Monetary Coordination
Author | : Martina Metzger |
Publisher | : Springer |
Total Pages | : 248 |
Release | : 2005-11-29 |
Genre | : Business & Economics |
ISBN | : 023050244X |
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This book argues for a new conceptual framework that analytically distinguishes between North-South monetary co-ordination, which involves an international key currency, and South-South arrangements between economies all marked by external indebtedness and the resulting macroeconomic instabilities ('original sin'). In this light, the book analyzes different types of monetary co-ordination, ranging from ad hoc exchange rate policy agreements to projects of a common supranational currency, and it examines selected regional cases in Eastern Europe, North and South America, Africa and Asia.
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