Regional financial cooperation

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cepal.bibLevelDocumento Completo
cepal.callNumber332.042 O15
cepal.docTypeCopublicaciones
cepal.idSade27573
cepal.physicalDescriptiongráficos., tablas.
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngFINANCING FOR DEVELOPMENT
cepal.topicEngREGIONAL INTEGRATION
cepal.topicEngRELATIONS BETWEEN LATIN AMERICA AND ASIA-PACIFIC
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaFINANCIAMIENTO PARA EL DESARROLLO
cepal.topicSpaINTEGRACIÓN REGIONAL
cepal.topicSpaRELACIONES DE AMÉRICA LATINA CON ASIA Y EL PACÍFICO
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.editorOcampo, José Antonio
dc.contributor.entityNU. CEPAL
dc.date.accessioned2014-01-02T14:53:38Z
dc.date.available2014-01-02T14:53:38Z
dc.date.issued2006
dc.descriptionIncludes bibliography
dc.description.abstract Contents Foreword Regional Financial Cooperation: Experiences and Challenges, José Antonio Ocampo Reforming the Global Financial Architecture: The Potential of Regional Institutions, Roy Culpeper Regional Development Banks: A Comparative Perspective, Francisco Sagasti and Fernando Prada Regional Exchange Rate Arrangements: The European Experience, Charles Wyplosz European Financial Institutions: A Useful Inspiration for Developing Countries? Stephany Griffith-Jones, Alfred Steinherr, and Ana Tereza Fuzzo de Lima Macroeconomic Coordination in Latin America: Does It Have a Future? José Luis Machinea and Guillermo Rozenwurcel Subregional Financial Cooperation: The Experiences of Latin America and the Caribbean, Daniel Titelman Regional Financial Integration in East Asia: Challenges and Prospects, Yung Chul Park Asian Bond Market Development: Rationale and Strategies, Yung Chul Park, Jae Ha Park, Julia Leung, and Kanit Sangsubhan The Arab Experience, Georges Corm An Analysis of Financial and Monetary Cooperation in Africa, Ernest Aryeetey Foreword The Monterrey Consensus, adopted by the 2002 International Conference on Financing for Development, highlighted in its paragraph 45 "the vital role that multilateral and regional development banks continue to play in serving the development needs of developing countries and countries with economies in transition." It went on to note, "They should contribute to providing an adequate supply of finance to countries that are challenged by poverty, follow sound economic policies and may lack adequate access to capital markets. They should also mitigate the impact of excessive volatility of financial markets. Strengthened regional development banks and subregional financial institutions add flexible financial support to national and regional development efforts, enhancing ownership and overall efficiency. They also serve as a vital source of knowledge and expertise on economic growth and development for their developing member countries." Despite this call, however, relatively little progress has been made since Monterrey in enhancing the role that regional financial arrangements play in the international financial system. The failure to devote attention to this issue is attested to by the absence of any book or report providing a comparative evaluation of the experience with regional financial cooperation in different parts of the world. This book seeks to fill this serious gap in the existing literature. Experiences in this area can be clustered into two groups: development financing; and mechanisms for macroeconomic cooperation and related financial arrangements (liquidity financing during balance-of-payments crises);. Although our central aim is to explore the ways in which regional cooperation can promote the interests of developing countries, we will use Western Europe's experiences with regional financial cooperation as a benchmark for that exploration. The experiences reviewed in this book indicate that regional cooperation can be a very effective means of surmounting the difficulties posed by the shortfall in the financial services provided by the current international financial architecture. Nonetheless, the scope of these institutions' operations is still limited and they have yet to be recognized as central elements in the international financial architecture. We hope that this book will spark a broader interest in initiatives in this area and indeed bring them to the center of the current discussion on South-South cooperation. We are deeply grateful to the Ford Foundation for providing the United Nations Economic Commission for Latin America and the Caribbean with the support it needed to undertake this project. José Luis Machinea Executive Secretary Economic Commission for Latin America and the Caribbean José Antonio Ocampo Under-Secretary-General for Economic and Social Affairs of the United Nations
dc.description.tableOfContents1. Regional financial cooperation : experiences and challenges / Jose Antonio Ocampo -- 2. Reforming the global financial architecture : the potential of regional institutions / Roy Culpeper -- 3. Regional development banks : a comparative perspective / Francisco Sagasti and Fernando Prada -- 4. Regional exchange rate arrangements : the European experience / Charles Wyplosz -- 5. European financial institutions : a useful inspiration for developing countries? / Stephany Griffith-Jones, Alfred Steinherr and Ana Teresa Fuzzo de Lima -- 6. Macroeconomic coordination in Latin America : does it have a future? / Jose Luis Machinea and Guillermo Rozenwurcel -- 7. Subregional financial cooperation : the experiences of Latin America and the Caribbean / Daniel Titelman -- 8. Regional financial integration in East Asia : challenges and prospects / Yung Chul Park -- 9. Asian bond market development : rationale and strategies / Yung Chul Park, Jae Ha Park, Julia Leung and Kanit Sangsubhan -- 10. Arab experience / Georges Corm -- 11. analysis of financial and monetary cooperation in Africa / Ernest Aryeetey.
dc.formatTexto
dc.format.extentviii; 375 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn0815764197
dc.identifier.urihttps://hdl.handle.net/11362/1922
dc.language.isoeng
dc.physicalDescriptionviii; 375 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisherBrookings Institution Press
dc.publisher.placeWashington, D.C.
dc.subject.unbisEngBONDS
dc.subject.unbisEngDEVELOPED COUNTRIES
dc.subject.unbisEngDEVELOPING COUNTRIES
dc.subject.unbisEngDEVELOPMENT BANKS
dc.subject.unbisEngECONOMIC COOPERATION
dc.subject.unbisEngECONOMIC INTEGRATION
dc.subject.unbisEngFINANCIAL INSTITUTIONS
dc.subject.unbisEngFINANCIAL POLICY
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngINTERNATIONAL ECONOMIC RELATIONS
dc.subject.unbisEngREGIONAL COOPERATION
dc.subject.unbisEngREGIONALISM
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaBANCOS DE DESARROLLO
dc.subject.unbisSpaBONOS
dc.subject.unbisSpaCOOPERACION ECONOMICA
dc.subject.unbisSpaCOOPERACION REGIONAL
dc.subject.unbisSpaINSTITUCIONES FINANCIERAS
dc.subject.unbisSpaINTEGRACION ECONOMICA
dc.subject.unbisSpaPAISES DESARROLLADOS
dc.subject.unbisSpaPAISES EN DESARROLLO
dc.subject.unbisSpaPOLITICA FINANCIERA
dc.subject.unbisSpaREGIONALISMO
dc.subject.unbisSpaRELACIONES ECONOMICAS INTERNACIONALES
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleRegional financial cooperation
dc.type.coarlibro
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