New Issues in Regional Monetary Coordination

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The book presents a new framework that differentiates between North-South monetary coordination, characterized by an international key currency, and South-South arrangements influenced by external debt and macroeconomic instability, termed 'original sin.' It explores various forms of monetary coordination, including informal exchange rate agreements and supranational currency initiatives, while analyzing specific regional cases across Eastern Europe, the Americas, Africa, and Asia to illustrate these concepts.