Anzeige
Erschienen in:
2006 | OriginalPaper | Buchkapitel
Chances and Limits of South-South Monetary Coordination
verfasst von : Jan Kregel
Erschienen in: New Issues in Regional Monetary Coordination
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Let us start by noting the definition that has been set for the ‘South’ in this discussion by the organizers: the inability to sell assets denominated in domestic currency to non-residents. This definition means that even though the title refers only to the South, it cannot be discussed without reference to the ‘North’, whose domestic currency liabilities will be held by the South as long as there are imbalances in international trade and/or free international capital flows. These countries thus face a foreign currency constraint in financing these imbalances or servicing their external borrowing.