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Monetary cooperation: an analysis on SUCRE

Author

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  • Alexandre Jerônimo de Freitas
  • Marcelo Pereira Fernandes

Abstract

The initiative of the Unified System for Regional Compensation, the so-called SUCRE, concerted between the main countries that comprise ALBA, born in a context of great international turmoil caused by the financial crisis of 2008. Still in the consolidation process, the system has very ambitious goals, including the use of the progressive decoupling of the dollar. The aim of this paper is to analyze the SUCRE in force since January 2010. The initiative may be a key step towards construction of a new regional financial architecture to reduce external vulnerability and structural asymmetries in the region. JEL Classification: F02.

Suggested Citation

  • Alexandre Jerônimo de Freitas & Marcelo Pereira Fernandes, 2017. "Monetary cooperation: an analysis on SUCRE," Brazilian Journal of Political Economy, Center of Political Economy, vol. 37(1), pages 243-258.
    • Handle: RePEc:ekm:repojs:v:37:y:2017:i:1:p:243-258:id:117
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    More about this item

    Keywords

    SUCRE; ALBA; trade; currency;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

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