Advancing Regional Monetary Cooperation - The Case of Fragile Financial Markets

This 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.

List of contents

1. Introduction PART I: DRIVERS OF REGIONAL MONETARY COOPERATION 2. Global Instability and 'Monetary Regionalism' 3. Monetary Policy Choices of Southern Economies 4. Fragile Financial Markets PART II: NEW PERSPECTIVES ON REGIONAL MONETARY COOPERATION AND INTEGRATION 5. A Modern Exchange Rate Theory Perspective 6. A Strategy to Achieve Macroeconomic Stability? 7. Asymmetric Regional Monetary Cooperation 8. Reconsidering Economic Costs PART III: REGIONAL MONETARY COOPERATION IN CMA, ASEAN/ASEAN+3, AND MERCOSUR 9. Case Selection and Data 10. Common Monetary Area (CMA) 11. Association of Southeast Asian Nations (ASEAN/ASEAN+3) 12. Common Market of the South (MERCOSUR) 13. CMA, ASEAN/ASEAN+3 and MERCOSUR Compared 14. Conclusions and Policy Recommendations

About the author

Laurissa Mühlich is a research associate at the Brazil Research Center of the Institute for Latin American Studies at the Freie Universität, Berlin, Germany. She completed her PhD in economics at the Freie Universität, Berlin, Germany, and Yale University, USA.

Summary

This 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.

Product details

• Authors: L. Muhlich, Laurissa Muhlich, L Mühlich, L. Mühlich
• Publisher: Palgrave UK
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2014
• EAN: 9781349491070
• ISBN: 978-1-349-49107-0
• No. of pages: 307
• Series: Studies in Economic Transition; Studies in Economic Transition
• Subjects: Social sciences, law, business > Business > International economy; Makroökonomie, B, Wirtschaftspolitik, politische Ökonomie, Entwicklungsökonomie und Schwellenländer, macroeconomics, International Economics, Regional Studies, Political Economy, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Regional/Spatial Science, Regionalstudien / Internationale Studien, Regional and Spatial Economics, regional economics, Monetary Economics, Management science, Spatial economics, Development Economics, Development economics & emerging economies, Palgrave Economics & Finance Collection