GoJIL Vol. 2, No. 1 (2010)
South-South Regional Monetary Cooperation: Mere Myth or New Opportunity for Financial Stability?
Small and undiversified financial markets remain a characterizing monetary policy constraint and impediment for financial stability for the majority of developing countries and emerging markets. Does south-south regional monetary cooperation mitigate these problems? The paper presents a comparative perspective on regional monetary cooperation in South East Asia, South Africa and South America, and its potential contribution to financial market development and de-dollarization.
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