Beyond the original sin: a new regional financial architecture in South America
The paper provides an evaluation of the possibilities for a New Regional Financial Architecture (NRFA) in South America within the context of the "original sin." It is argued that conventional explanations of the "impossible trinity" are limited, and that once the geography of money is properly introduced in the analysis, then the trade-offs faced by peripheral countries in South America are deemed to be considerably harsher than those at the center. The paper deals with the pros and cons of the NRFA in reducing the severity of the constraints faced by the countries in the region, and provides some preliminary conclusions about the political viability of the NRFA.
Volume (Year): 32 (2009)
Issue (Month): 2 (December)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348|
When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:32:y:2009:i:2:p:199-212. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.