Regional Financial Arrangements and the International Monetary Fund

20 Pages Posted: 7 Nov 2012

See all articles by Barry Eichengreen

Barry Eichengreen

University of California, Berkeley; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: November 6, 2012

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.

Keywords: international monetary fund, regional monetary arrangements, global surveillance, European monetary system

JEL Classification: F30, F53, F55

Suggested Citation

Eichengreen, Barry, Regional Financial Arrangements and the International Monetary Fund (November 6, 2012). ADBI Working Paper 394, Available at SSRN: https://ssrn.com/abstract=2172113 or http://dx.doi.org/10.2139/ssrn.2172113

Barry Eichengreen (Contact Author)

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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