IDEAS home Printed from https://ideas.repec.org/a/nov/artigo/v23y2013i1p155-184.html
   My bibliography  Save this article

Cooperação financeira no Mercosul e o financiamento do investimento [Financial cooperation in Mercosur and investment financing]

Author

Listed:
  • Simone S. de Deos

    (CERI/IE/UNICAMP)

  • Ana Rosa Ribeiro de Mendonça

    (NEIT/IE/UNICAMP)

  • Rubia C. Wegner

    (UFRRJ)

Abstract

The regional integration systems that arose during the 1990s, such as Mercosur, were implemented during the so called financial globalization period. However, the connection of the economies in the periphery to the international financial markets has not been able to solve the key question of long term financing for investment. The literature in the Keynes tradition points out that the shortage of long term funding is a key problem. In this regard, the financial system should be able to provide resources, especially long term resources, for investment funding, minimizing uncertainty and making it feasible to acquire capital assets with longer maturities. This paper aims to analyze the importance of regional financial cooperation to strengthen the long term financing mechanisms in the Mercosur economies.

Suggested Citation

  • Simone S. de Deos & Ana Rosa Ribeiro de Mendonça & Rubia C. Wegner, 2013. "Cooperação financeira no Mercosul e o financiamento do investimento [Financial cooperation in Mercosur and investment financing]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 23(1), pages 155-184, January-A.
    • Handle: RePEc:nov:artigo:v:23:y:2013:i:1:p:155-184
    as

    Download full text from publisher

    File URL: http://www.scielo.br/scielo.php?script=sci_pdf&pid=S0103-63512013000100006&lng=en&nrm=iso&tlng=pt
    Download Restriction: no
    File URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512013000100006&lng=en&nrm=iso&tlng=pt
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Mercosur; financial systems; regional financial cooperation; investment financing;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:23:y:2013:i:1:p:155-184. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucas Resende de Carvalho (email available below). General contact details of provider: https://edirc.repec.org/data/fufmgbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.