By Laurissa Mühlich (auth.)
This publication examines neighborhood financial cooperation as a technique to reinforce macroeconomic balance in constructing nations and rising markets. Interdisciplinary case reviews on Southern Africa, Southeast Asia and South the USA offer a cross-regional viewpoint at the viability of such strategy.
Read Online or Download Advancing Regional Monetary Cooperation: The Case of Fragile Financial Markets PDF
Best urban & regional books
This edited quantity reconsiders the normal knowledge that argues that the comparative functionality of China has been improved to that of India, bringing jointly new paradigms for comparing nations by way of economics, social coverage, politics, and international relations. Essays express that if now not outright mistaken, traditional knowledge has confirmed to be overly simplified.
As city congestion is still an ever expanding challenge, routing in those settings has turn into a major region of operations study. This monograph presents state of the art learn, using the hot advances in know-how, to quantify the price of dynamic, time-dependent details for complex car routing in urban logistics.
This ebook examines the best way to advertise commercial improvement in low-income international locations. It considers the position of investors within the evolution of a cluster, the position of managerial human capital, the impact of the 'China shock', and the position of business regulations concerned with overseas wisdom move in assisting the upgrading of clusters.
- Urban Regeneration Management: International Perspectives (Routledge Advances in Management and Business Studies)
- Turkey's Water Policy: National Frameworks and International Cooperation
- Social Costs of Transformation to a Market Economy in Post-Socialist Countries: The Cases of Poland, the Czech Republic and Hungary
- Heat Islands: Understanding and Mitigating Heat in Urban Areas
- Fallen Heroes in Global Capitalism: Workers and the Restructuring of the Polish Steel Industry
- Developments in Spatial Data Handling: 11th International Symposium on Spatial Data Handling
Additional info for Advancing Regional Monetary Cooperation: The Case of Fragile Financial Markets
The term triangulation was introduced into social science as a metaphorical term based on the general idea of land surveying; it refers to locating one point from two others of known distance given the angles and the triangle formed by the three points (cf. Flick, 2004: 11). Part I Drivers of Regional Monetary Cooperation 2 Global Instability and “Monetary Regionalism” Since the end of the Bretton Woods system, the international monetary order has been marked by multipolarity. 1 At the core of the Bretton Woods system stood the US dollar, with the Federal Reserve Bank of the United States (US Fed) ensuring full gold convertibility of the US dollar.
However, achieving real exchange rate stabilization in regional exchange rate arrangements may be facilitated because inflation differentials may be easier to adjust to. First, regional business cycles may be more similar than would be the case with an extraregional international key currency-issuing economy, such as the US dollar, and, second, the regional monetary cooperation arrangement may provide a framework for transfer mechanisms that could facilitate economic adjustment for weaker economies (see Chapters 7 and 8).
Hence, monetary policy options available to these countries are either the “second best” of SSC, or non-cooperative unilateral policy options. Dollarization won’t do the trick Rather than entering a regional monetary cooperation arrangement, advocates of unilateral monetary integration or full dollarization state that financially fragile economies should dollarize their economy. However, as mentioned above, full dollarization eliminates the function of the national LLR. Thus, the advantage of eliminating currency risk in unilateral currency unions may be more than offset by the loss of key monetary policy instruments (cf.