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Regional monetary agreements: prospects and limits for Mercosur

Author

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  • Alexandre Jerônimo de Freitas
  • Marcelo Pereira Fernandes

Abstract

Usually analyzed in an integrated way, the Regional Monetary Agreements(RMA) are varied processes. The purpose of this article is to map the different forms of RMAand analyze its application to Mercosur. It is about seeking in the RMA an instrument thatfacilitates the adoption of a macroeconomic regime consistent with the development needsof the bloc’s countries. These countries should be able to adopt pro-growth economic policies,with job creation and income distribution, which consequently should increase the nationalor regional space for the formulation of policies that improve their insertion in theworld economy JEL Classification: E42; F45; F02.

Suggested Citation

  • Alexandre Jerônimo de Freitas & Marcelo Pereira Fernandes, 2025. "Regional monetary agreements: prospects and limits for Mercosur," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(3), pages 535-550.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:3:p:535-550:id:2519
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    More about this item

    Keywords

    Mercosur; monetary arrangements; integration;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • F02 - International Economics - - General - - - International Economic Order and Integration

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