B K. Madan. Towards Monetary Cooperation in South Asia.
This study was conducted in pursuance of the research programme of the Committee of Studies for Co-operation in Development in South Asia.
The study begins with a bird's eye-view of aspects of the economies of South Asian countries, their common features as well as divergent traits, trade patterns and trends of interregional trade. Chapter 1 sets out the significant aspects of the economies of South Asian Countries relevant to economic and monetary co-operation. Chapter 2 surveys the salient trends in foreign trade and balance of payments of the different countries--with a focus on relative intra-regional and inter-regional trade. Chapter 3 reviews the bilateral features of trade and payment agreements and arrangements of the countries of the region. A quick survey of the framework of trade and payment arrangement and exchange and exchange rate systems in the area has been made in Chapter 4. Chapter 5 analyses the main features of various types of multilateral payment arrangements among developing countries which are in operation in different parts of the world, ranging from a simple clearing arrangement to a Monetary Union. The Asian clearing union is discussed in Chapter 6. Chapter 7 presents the main findings of the study and suggests future lines of research for a closer monetary co-operation among the countries of the region.
* Prepared by Ms Sabiha Ibrahim, Assistant Faculty Member in the Project Evaluation Division of the Pakistan Institute of Development Economics, Islamabad.
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|Title Annotation:||Book Notes|
|Publication:||Pakistan Development Review|
|Article Type:||Book review|
|Date:||Jun 22, 1987|
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