Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101150
Authors: 
Eichengreen, Barry
Year of Publication: 
2012
Series/Report no.: 
ADBI Working Paper Series 394
Abstract: 
The rise of regional monetary arrangements poses a challenge for the International Monetary Fund (IMF)'s global surveillance efforts. This paper reviews how the IMF has responded to earlier regional initiatives, from the European Payments Union of the 1950s and the Gold Pool of the 1960s to the CFA franc zone and the European Monetary System. The penultimate section draws out the implications for monetary regionalism in East Asia.
Subjects: 
international monetary fund
regional monetary arrangements
global surveillance
european monetary system
JEL: 
F30
F53
F55
Document Type: 
Working Paper

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