Regional Financial Arrangements: A Survey of the Literature and Recent Developments

Wook Sohn and Woo Jin Chung

Emerging Markets Finance and Trade, 2016, vol. 52, issue 10, 2238-2252

Abstract: This article summarizes recent studies on regional financial arrangements (RFAs) and examines the role played by global multilaterals and RFAs in emerging crises. We also review the major RFAs with regard to their basic organizational structure, activities, legal framework, and lending facilities. Finally, we discuss the attributes needed for the sustainable development of RFAs and we look at how they can expand their role for economic cooperation in the associated regions.

Date: 2016
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DOI: 10.1080/1540496X.2016.1203781

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