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Prospects for Monetary Cooperation and Integration in East Asia$
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Ulrich Volz

Print publication date: 2010

Print ISBN-13: 9780262013994

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013994.001.0001

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The Instability of the International Monetary System and the Regionalization of Money

The Instability of the International Monetary System and the Regionalization of Money

Chapter:
(p.9) 2 The Instability of the International Monetary System and the Regionalization of Money
Source:
Prospects for Monetary Cooperation and Integration in East Asia
Author(s):

Ulrich Volz

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013994.003.0002

This chapter explains why the instability of the international monetary and financial system has nurtured an interest in regional monetary integration. The discussions include coverage of regionalization of the world economy; a brief history of thought on exchange rates and international monetary relations, 1870 to 1973; an examination of experience with floating rates since 1973; a look at reform of the international monetary system; and analysis of the regionalization of money.

Keywords:   financial system, regional monetary integration, regionalization, exchange rates, floating rates

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