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Financial Instability: Is Regionalism The Answer?, Marco Vasconi

Archived Theses and Dissertations

Since the end of World War II there has been a nearly universal trend toward regionalism, best represented by the European case and the rise of more than one hundred other regional agreements. This tendency, however, has experienced a particularly steep increase since the 1980s due to significant political and economic developments. The rise of economic and more importantly financial globalization fostered by impressive technological progress is regarded as one of the key factors in bringing about this new wave of regionalism, as it has raised a number of questions regarding governance, negative effects of financial instability and possible responses …