Regional and Global Monetary Cooperation

Mario Lamberte () and Peter Morgan

No 346, ADBI Working Papers from Asian Development Bank Institute

Abstract: The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly transmit crisis developments in individual countries to other countries around the world. Global financial safety nets (GFSNs) are one important area for monetary cooperation. This paper reviews the current situation of regional and global monetary cooperation, focusing on financial safety nets, with a view toward developing recommendations for more effective cooperation, especially between the International Monetary Fund (IMF) and regional financial arrangements (RFAs).

Keywords: monetary cooperation; regional monetary cooperation; global monetary cooperation; regional financial arrangements; financial safety nets; global financial crises (search for similar items in EconPapers)
JEL-codes: F33 F34 F36 F53 F55 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-02-23
New Economics Papers: this item is included in nep-cba, nep-mon, nep-opm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Working Paper: Regional and Global Monetary Cooperation (2012)
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