A Strategy to Achieve Macroeconomic Stability?

Laurissa Mühlich

Chapter 6 in Advancing Regional Monetary Cooperation, 2014, pp 81-96 from Palgrave Macmillan

Abstract: Abstract In order to contribute to a systemized analytical framework for examining SSC beyond OCA, the “regime changing character” (Schelkle, 2001a: 327) of regional monetary cooperation needs to be addressed. Therefore, the research perspective needs to be changed by analyzing regional monetary cooperation as a possible policy strategy to mitigate policy constraints and enhance macroeconomic stability in southern economies with fragile financial markets, instead of focusing on allocation effects in turn for removing supposedly autonomous monetary policy tools (cf. Roy and Betz, 2000; see Chapter 5).

Keywords: Financial Market; Financial Development; Currency Union; Foreign Exchange Reserve; Macroeconomic Stability (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_6

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DOI: 10.1057/9781137427212_6

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