Regional Currency Areas in Financial Globalization

Edited by Patrick Artus, IXIS-CIB, France, the late André Cartapanis, formerly University of the Mediterranean, France and Florence Legros, Dean, ICN Business School,, France

• Contents: Preface Regional Currency Areas and International Financial Architecture in Financial Globalization: An Introduction Part I: International Financial Markets and Regional Currency Areas 1. Financial Markets Aspects of Regional Currency Areas 2. Currency Regimes and Process of Regional Financial Integration of the Emerging Countries 3. Pensions and Savings in a Monetary Union: An Analysis of Capital Flows 4. Emerging Sovereign Bond Markets: A View from the Extremes Part II: Exchange-rate Regimes and Regional Currency Areas in Emerging Countries 5. Financial Vulnerability and Exchange Rate Regimes in Latin American and Asian Emerging Countries: Towards New Criteria? 6. The Dollar, the European and Exchange Rate Regimes in Latin America 7. Big and Small Currencies: The Regional Connection 8. Regional Integration and the Issue of Choosing an Appropriate Exchange Rate Regime in Latin America 9. Is a Monetary Union in CARICOM Desirable? Part III: Regional Currency Areas and Economic Policy 10. Exchange Rate Regimes in the Route to EMU 11. Can the Free Rider Behaviour of Small Countries Offset the Profligacy Spending Bias of Large Countries in the Euro Zone? 12. Comparing Monetary and Fiscal Policies in Europe and in the United States: A Strategic Analysis 13. Fiscal Policy and War of Attrition: The Case of Latin American Countries 14. Are there Benefits to a Monetary Policy Rule in the EMU?