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A study has been also
conducted on the potential and prospects of monetary cooperation
in South Asia. It discusses the rationale for monetary
integration, examines the feasibility of Optimum Currency Area (OCA)
in the region and makes some policy recommendations. The revised
version of this paper has been issued as RIS Discussion Paper #71.
Another contribution on the subject prepared at RIS is a policy
brief (#9) on the single currency in South Asia that proposes a
way forward for a currency union with a parallel currency to begin
with. Both the papers were presented at RIS/SACEPS Seminar on
Monetary Cooperation in South Asia held in New Delhi on December
23, 2003. The ongoing work on the subject covers a review of
different approaches towards monetary and financial cooperation in
Asia.
Dr. Ramgopal Aggarwala, Dr.
Sweta C. Saxena and Dr. Mirza Allim Baig
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