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experience of regional monetary cooperation in Latin America over the past three decades. This experience has been overall … cooperation, development financing does play a useful complementary role by proving counter-cyclical or at least stable financing …
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The CFA franc zone has had one of the longest experiences with a fixed exchange rate for a convertible currency and regional integration of any group of developing countries. France, the anchor country, provides aid to support the zone. This paper asks whether the arrangements are more than just...
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