Financial Crises and International Architecture: A “Eurocentric” Perspective
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Can devaluations and exchange controls be co-ordinated at the regional or global level, to lessen their beggar-thy-neighbour character? Probably not without co-ordination mechanisms among monetary and fiscal authorities like the ones found in the EU. How precisely the mechanisms may apply to CEFTA, ASEAN or Mercosul remains to be thoroughly...
