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Regional Financial Arrangements and the International Monetary Fund

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  • Eichengreen, Barry

    (Asian Development Bank Institute)

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.

Suggested Citation

  • Eichengreen, Barry, 2012. "Regional Financial Arrangements and the International Monetary Fund," ADBI Working Papers 394, Asian Development Bank Institute.
  • Handle: RePEc:ris:adbiwp:0394
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    References listed on IDEAS

    as
    1. Anders Aslund & Valdis Dombrovskis, 2011. "How Latvia Came through the Financial Crisis," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6024, May.
    2. C. Randall Henning, 2002. "East Asian Financial Cooperation," Peterson Institute Press: Policy Analyses in International Economics, Peterson Institute for International Economics, number pa68, January.
    3. C. Randall Henning, 2011. "Coordinating Regional and Multilateral Financial Institutions," Working Paper Series WP11-9, Peterson Institute for International Economics.
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    Cited by:

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    2. Katarzyna Glinka, 2016. "Adaptations Within The Financial Market In China After Global Financial Crisis," Oeconomia Copernicana, Institute of Economic Research, vol. 7(4), pages 565-591, December.
    3. Ho-Don Yan & Li-Ju Chen & Yi-Heng Tseng, 2014. "Capital Inflow, Foreign Exchange Intervention, and Currency Misalignment in Emerging Market Countries," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-30.
    4. Cheng, Gong & Lennkh, Rudolf Alvise, 2018. "RFAs' Financial Structures and Lending Capacities: a Statutory, Accounting and Credit Rating Perspective," MPRA Paper 95754, University Library of Munich, Germany.
    5. Scheubel, Beatrice & Stracca, Livio & Tille, Cédric, 2019. "Taming the global financial cycle: What role for the global financial safety net?," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 160-182.

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    More about this item

    Keywords

    international monetary fund; regional monetary arrangements; global surveillance; european monetary system;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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