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From “Crypto-Alternatives” to a Regional Unit of Account: Monetary Proposals in Latin America for a Greater Shared Autonomy

In: Value, Money, Profit, and Capital Today

Author

Listed:
  • Joaquín Arriola
  • Juan Barredo-Zuriarrain

Abstract

Weak regional commercial and productive integration and monetary dependence on the economic poles are evidence of the consolidation of Latin America's peripheral position in the world economy. This research analyzes different monetary initiatives launched individually or collectively by countries in the region to alleviate this position, such as the petro, the SUCRE, or El Salvador's bet on the legal acceptance of bitcoin as a payment instrument. After identifying some of their limitations, we propose some basis for monetary coordination with which to advance in the dynamization of productivity and trade complementarity of the countries of the region.

Suggested Citation

  • Joaquín Arriola & Juan Barredo-Zuriarrain, 2023. "From “Crypto-Alternatives” to a Regional Unit of Account: Monetary Proposals in Latin America for a Greater Shared Autonomy," Research in Political Economy, in: Value, Money, Profit, and Capital Today, volume 39, pages 95-114, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rpeczz:s0161-723020230000039007
    DOI: 10.1108/S0161-723020230000039007
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