Regional Monetary Cooperation in Latin America
AbstractLatin 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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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 373.
Length: 35 pages
Date of creation: 13 Aug 2012
Date of revision:
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regional monetary cooperation; latin america; regional integration; development financing;
Find related papers by JEL classification:
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-03 (All new papers)
- NEP-HIS-2012-09-03 (Business, Economic & Financial History)
- NEP-LAM-2012-09-03 (Central & South America)
- NEP-MON-2012-09-03 (Monetary Economics)
- NEP-PKE-2012-09-03 (Post Keynesian Economics)
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