New Issues in Regional Monetary Coordination

"New Issues in Regional Monetary Coordination" offers an in-depth analysis of monetary coordination between different regions, particularly in the context of North-South and South-South relationships. The work advocates for a conceptual framework that clearly highlights the differences between these two forms of coordination. While North-South coordination is often associated with an international key currency, South-South coordination sheds light on the challenges arising from external debt and the associated macroeconomic instabilities, a phenomenon referred to as 'original sin.' With 230 pages, the book provides a comprehensive examination of the theoretical and practical aspects of regional monetary cooperation and serves as a valuable resource for students, researchers, and professionals engaged with international financial systems and their dynamics. Written in English, the book was published in 2005 and remains relevant to the discussion of the challenges and opportunities of monetary coordination in an increasingly globalized world.