Conclusions and Policy Recommendations

Abstract

This book examined the potential of regional monetary cooperation to contribute to macroeconomic stabilization and financial market development in developing countries and emerging markets. The findings of this book underline that the idea of regional monetary cooperation has not come to an end in the face of the on-going eurozone crisis. Rather, international financial turmoil, as well as the eurozone crisis, justifies scholarly and political examination of the potential benefits and also of the costs related to different forms of regional monetary cooperation in the developing world.