Monetary and exchange rate systems: a global view of financial crises/ Edited by Louis-Philippe Rochon, Sergio Rossi

Contents:Introduction Louis-Philippe Rochon and Sergio RossiPart I: Financial Liberalization and Financial Crises 1. International Financial Instability in a World of Currencies HierarchyAndrea Terzi2. Dollarization and the Hegemonic Status of the US DollarJean-Francois Ponsot3. Reform and Structural Change in Latin America: Financial Systems and InstabilityEugenia Correa and Gregorio Vidal4. East Asian Monetary and Financial Cooperation: The Long Road AheadKok-Fay Chin5. Does Financial Liberalization Affect the Distribution of Income Between Wages and Profits?Domenica Tropeano6. Crisis Avoidance: The Post-Washington Consensus AgendaLouis-Philippe RochonPart II: From Financial Instability to Macroeconomic Performance7. Reforming the International Payment System: An AssessmentClaude Gnos8. Is There a Role for Capital Controls?Philip Arestis, Jesus Ferreiro and Carmen Gomez9. Liberalization or Regulating International Capital Flows?Paul Davidson10. Cross-Border Transactions and Exchange Rate StabilitySergio Rossi11. To Fix or to Float: Theoretical and Pragmatic ConsiderationsL. Randall Wray12. Exchange Rate Arrangements and EU EnlargementJesper JespersenIndex