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Introduction

In: Advancing Regional Monetary Cooperation

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  • Laurissa Mühlich

Abstract

The eurozone crisis that began in 2010 may be considered the end of the idea of regional integration. Likewise, the eurozone crisis may be regarded as precisely the reason to enhance regional monetary integration in order to shield against volatility in international financial markets and such crises as the global financial crisis of 2008/2009. Broadly speaking, one may ask whether developing countries1 and emerging markets should refrain from monetary integration initiatives, in particular since their financial market and macroeconomic conditions are comparatively fragile.

Suggested Citation

  • Laurissa Mühlich, 2014. "Introduction," Studies in Economic Transition, in: Advancing Regional Monetary Cooperation, chapter 1, pages 1-13, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-1-137-42721-2_1
    DOI: 10.1057/9781137427212_1
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