Monodromy in Hamiltonian systems has been traditionally associated to singularities of the integrable Hamiltonian fibration and, in particular, to singularities of focus-focus type. In a recent work with Nikolay Martynchuk, we showed that in 2 degree of freedom Hamiltonian systems with a circle action, to understand monodromy, one should look at the fixed point of the circle action. This result follows from the fact that, in such systems, a 2-torus bundle over a circle can be also viewed as a principal circle bundle over a 2-torus . Then the monodromy of the former bundle equals the Chern number of the latter.
This is neatly shown in the following picture where I have drawn for the 2-torus bundle over a closed path going around the focus-focus critical value in the spherical pendulum. One of the two fixed points of the circle action (shown in white) lies “inside” and this induces a non-zero Chern number for the principal circle bundle over and thus a non-trivial monodromy for the 2-torus bundle over . Details can be found in our paper which will appear in the Journal of Geometry and Physics.
Moreover, our result can be generalized to integrable Hamiltonian systems with degrees of freedom and a -torus action. In this case we give a simple formula for determining monodromy based on the number of singular orbits of the action with circle isotropy.