Chances and Limits of South-South Monetary Coordination

Jan Kregel

Chapter 3 in New Issues in Regional Monetary Coordination, 2006, pp 42-58 from Palgrave Macmillan

Abstract: Abstract Let us start by noting the definition that has been set for the ‘South’ in this discussion by the organizers: the inability to sell assets denominated in domestic currency to non-residents. This definition means that even though the title refers only to the South, it cannot be discussed without reference to the ‘North’, whose domestic currency liabilities will be held by the South as long as there are imbalances in international trade and/or free international capital flows. These countries thus face a foreign currency constraint in financing these imbalances or servicing their external borrowing.

Keywords: Foreign Currency; Monetary Union; Financial Integration; Common Currency; Domestic Currency (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50244-4_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230502444

DOI: 10.1057/9780230502444_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().