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Regional Monetary Cooperation in Latin America

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  • José Antonio Ocampo

    (Asian Development Bank Institute (ADBI))

  • Daniel Titelman
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    Abstract

    Latin American has the longest history of regional integration efforts in the developing world. This paper analyzes the experience of regional monetary cooperation in Latin America over the past three decades. This experience has been overall successful but also uneven, both in terms of country coverage and services provided. Although strictly not a form of monetary cooperation, development financing does play a useful complementary role by proving counter-cyclical or at least stable financing during crises, when private financing for developing countries dries up.

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    File URL: http://www.eaber.org/node/23324
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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 23324.

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    Date of creation: Aug 2012
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    Handle: RePEc:eab:macroe:23324

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    Related research

    Keywords: Regional monetary cooperation; Monetary cooperation; Latin America; development financing;

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