South—South Regional Financial Arrangements

Diana Barrowclough is a Senior Economist in the United Nations Conference for Trade and Development, Division on Globalization and Development Strategies.Richard Kozul-Wright is Director of the Globalisation and Development Strategies Division in UNCTAD.William N. Kring is the Assistant Director of the Global Development Policy Center, a university-wide center housed at the Frederick S. Pardee School for Global Studies.Kevin P. Gallagher is a Professor of global development policy at the Frederick S. Pardee School of Global Studies and the Director of the Global Development Policy Center (GDPC).

• Introduction. Chapter 1: South-South Regional Financial Arrangements in the 21st century: promise and potential.- Part I: Exchange and Payment Systems.- Chapter 2: A Critical Analysis of Transnational Payment Systems in Latin America.- Chapter 3: Monetary Policy and Emergence: What lessons can WAEMU learn?.- Chapter 4: The Euro Experience: Lessons for Africa.- Part II: Short-term Liquidity. Chapter 5: Regional Monetary Co‐operation in the Developing World: Taking Stock.- Chapter 6: The Clearing Union Principle as the Basis for Regional Financial Arrangements in Developing Countries.- Chapter 7: Sovereign Wealth Funds and the South: New instruments for building resilience and reducing vulnerability?.- Chapter 8: Towards a Regional Financial Architecture: The East Asian Experience with a Focus on Defense.- Chapter 9: Alternatives to the International Monetary Fund in Asia and Latin America: Lessons for Regional Financial Arrangements.- Chapter 10: Conclusion.