This chapter examines in a systematic way how different forms of regional monetary cooperation may contribute to reducing macroeconomic volatility and buffer exogenous shocks for developing countries and emerging markets. It divides mechanisms into three categories of regional financial and...

The contributors expertly provide a comparative perspective on regional integration in different regions of the world while at the same time analysing the various facets of integration, relating to trade, FDI, finance and monetary policies. They provide a comprehensive treatment of the subject...

Economic turmoil in advanced industrial economies since the 2008–9 crisis has intensified perceptions of rising global multipolarity. Several indices of the relative material capabilities of countries exist, yet few address a state's potential for financial influence abroad. We analyze...