Introduction

Laurissa Mühlich

Chapter 1 in Advancing Regional Monetary Cooperation, 2014, pp 1-13 from Palgrave Macmillan

Abstract: Abstract The eurozone crisis that began in 2010 may be considered the end of the idea of regional integration. Likewise, the eurozone crisis may be regarded as precisely the reason to enhance regional monetary integration in order to shield against volatility in international financial markets and such crises as the global financial crisis of 2008/2009. Broadly speaking, one may ask whether developing countries1 and emerging markets should refrain from monetary integration initiatives, in particular since their financial market and macroeconomic conditions are comparatively fragile.

Keywords: Exchange Rate; Monetary Policy; Financial Market; Exchange Rate Volatility; Exchange Rate Movement (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-1-137-42721-2_1

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DOI: 10.1057/9781137427212_1

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