Optimum Currency Area (OCA) theory proves inadequate in the analysis of the new regional monetary integration schemes that have sprung up among developing and emerging market economies since the 1990s. Building on the concept of 'original sin' developed by Eichengreen et al. (2006), we argue...

Contents: Foreword, Marianne Braig. Part I Opening the Question: Redistribution and persistent challenges: an introduction, Lena Lavinas and Barbara Fritz; Moments of equality: today's Latin America in a global historical context, Goran Therborn. Part II Challenges for Coordinating Economic and...

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...