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Continuation around one positively oriented loop induces an invertible linear map $M$ on the two-dimensional solution space. Its inverse is continuation around the reversed loop. Over $\mathbb{C}$, choose an eigenvector with eigenvalue $\lambda \ne 0$, and let $w$ be the corresponding nonzero solution. After continuation it becomes $\lambda w$.

Choose $\sigma$ with $e^{2\pi i\sigma }=\lambda$. The product $h(z)=z^{-\sigma }w(z)$ has trivial monodromy, so it is single-valued and holomorphic on the punctured disc. Its Laurent series, convergent on compact subannuli, gives the Monodromy eigenfunction Laurent representationNo assumption of a regular singular point has been made, so the negative part need not terminate.