IDEAS home Printed from https://ideas.repec.org/a/ucm/ijohet/v11y2024i2p77-90.html
   My bibliography  Save this article

Ideas y hechos del orden monetario internacional: sobre un Área Monetaria Integrada de Compensación en Argentina y Brasil
[Ideias e fatos de ordem monetária internacional: sobre uma Área Inte-grada de Compensação Monetária na Argentina e no Brasi]

Author

Listed:
  • Andrea Carrera

    (Departamento de Economía Aplicada, Estructura & Historia, Facultad de Ciencias Empresariales y Económicas, e Instituto Complutense de Estudios Internacionales (ICEI), Universidad Complutense de Madrid, España)

Abstract

El orden monetario internacional establecido en Bretton Woods en 1944 se rige en el uso de pocas monedas de reserva, en mayor medida dólares de Estados Unidos y euros, en los pagos internacionales. Pese a esto, existen diferentes planes alternativos y, cada vez con más fuerza, se hace insistente la idea de crear una moneda común a utilizarse en los pagos internacionales. Este artículo (i) contribuye a una revisión de los planes de reforma del siglo XX, (ii) analiza el funcionamiento del sistema de pagos internacionales actual, destacando los desórdenes monetarios que este genera y poniéndolo en relación con los sistemas de pagos nacionales, (iii) propone los mecanismos contables en el seno de un Área Monetaria Integrada de Compensación en Argentina y Brasil, planteando el uso de una moneda común en un sistema de compensación multilateral y, (iv) presenta unas observaciones finales sobre el estado de la integración monetaria europea.

Suggested Citation

  • Andrea Carrera, 2024. "Ideas y hechos del orden monetario internacional: sobre un Área Monetaria Integrada de Compensación en Argentina y Brasil [Ideias e fatos de ordem monetária internacional: sobre uma Área Inte-grada," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 11(2), pages 77-90.
  • Handle: RePEc:ucm:ijohet:v:11:y:2024:i:2:p:77-90
    DOI: 10.5209/ijhe.99127
    as

    Download full text from publisher

    File URL: https://hdl.handle.net/20.500.14352/114129
    Download Restriction: no

    File URL: https://libkey.io/10.5209/ijhe.99127?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Claude Gnos & Sergio Rossi, 2012. "Modern Monetary Macroeconomics. A New Paradigm for Economic Policy," Post-Print halshs-01231783, HAL.
    2. Sergio Rossi, 2019. "Rethinking the euro as a common currency for Europe: Keynes's plan revisited," Revista de Economia Critica, Universidad Pablo de Olavide y Asociacion de Economia Critica, vol. 27, pages 86-99.
    3. Claude Gnos & Sergio Rossi (ed.), 2012. "Modern Monetary Macroeconomics," Books, Edward Elgar Publishing, number 12557.
    4. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    5. Sergio Rossi, 2017. "A Structural-Reform Proposal for a Two-Speed European Monetary Union," Financial and Monetary Policy Studies, in: Nazaré da Costa Cabral & José Renato Gonçalves & Nuno Cunha Rodrigues (ed.), The Euro and the Crisis, pages 33-46, Springer.
    6. Andrea Carrera & Alvaro Cencini, 2024. "National and International Monetary Payments," Palgrave Studies in the History of Economic Thought, Palgrave Macmillan, number 978-3-031-51737-2, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sergio Rossi, 2019. "Rethinking the euro as a common currency for Europe: Keynes's plan revisited," Revista de Economia Critica, Universidad Pablo de Olavide y Asociacion de Economia Critica, vol. 27, pages 86-99.
    2. Pesenti, Amos, 2015. "The origin of inflation in a domestic bank-based payment system," FSES Working Papers 457, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    3. Jonathan MASSONNET, 2015. "Alvaro Cencini & Sergio Rossi, Economic and Financial Crises: A New Macroeconomic Analysis," Journal of Economics and Political Economy, KSP Journals, vol. 2(4), pages 507-514, December.
    4. Jörg Bibow, 2018. "How Germany’s anti-Keynesianism has brought Europe to its knees," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(5), pages 569-588, September.
    5. Marianna Astore & Michele Fratianni, 2016. ""We can't pay": How Italy cancelled war debts after Lausanne," Mo.Fi.R. Working Papers 129, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    6. Massimo Di Matteo, 2016. "Un ricordo di Marcello de Cecco," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2016(118-119-1), pages 59-68.
    7. T. Gerasimos S. & V. Erotokritos & Т. Герасимос С. & В. Эротокритос, 2017. "Предварительный поведенческий подход в таргетированию реальных доходов // A Tentative Behavioral Approach to Real Income Targeting," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(1), pages 17-31.
    8. Angelo Federico Arcelli & Reiner Stefano Masera & Giovanni Tria, 2021. "Da Versailles a Bretton Woods e ai giorni nostri: errori storici e modelli ancora attuali per un sistema monetario internazionale sostenibile (From Bretton Woods to our days: Historic mistakes and mod," Moneta e Credito, Economia civile, vol. 74(296), pages 249-273.
    9. J. Nassios & J.A. Giesecke, 2015. "The Macroeconomic and Sectoral Effects of Terrorism in the U.S.: A Reconciliation of CGE and Econometric Approaches," Centre of Policy Studies/IMPACT Centre Working Papers g-256, Victoria University, Centre of Policy Studies/IMPACT Centre.
    10. Brodeur, Abel & Yousaf, Hasin, 2019. "The Economics of Mass Shootings," IZA Discussion Papers 12728, Institute of Labor Economics (IZA).
    11. Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
    12. Charles Engel & JungJae Park, 2022. "Debauchery and Original Sin: The Currency Composition of Sovereign Debt," Journal of the European Economic Association, European Economic Association, vol. 20(3), pages 1095-1144.
    13. William Kingston, 2014. "Schumpeter and the end of Western Capitalism," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 449-477, July.
    14. Philip E. Tetlock & Christopher Karvetski & Ville A. Satopää & Kevin Chen, 2024. "Long‐range subjective‐probability forecasts of slow‐motion variables in world politics: Exploring limits on expert judgment," Futures & Foresight Science, John Wiley & Sons, vol. 6(1), March.
    15. Colin D Butler, 2019. "Philanthrocapitalism: Promoting Global Health but Failing Planetary Health," Challenges, MDPI, vol. 10(1), pages 1-20, March.
    16. Dal Pont Legrand, Muriel & Hagemann, Harald, 2017. "Business Cycles, Growth, And Economic Policy: Schumpeter And The Great Depression," Journal of the History of Economic Thought, Cambridge University Press, vol. 39(1), pages 19-33, March.
    17. Peter Temin, 2013. "Insights from the Great Depression," Chapters, in: G. Page West III & Robert M. Whaples (ed.), The Economic Crisis in Retrospect, chapter 5, pages 95-110, Edward Elgar Publishing.
    18. Accominotti, Olivier & Chambers, David, 2016. "If You're So Smart: John Maynard Keynes and Currency Speculation in the Interwar Years," The Journal of Economic History, Cambridge University Press, vol. 76(2), pages 342-386, June.
    19. M. H. I. Dore & Lorie Tarshis, 1990. "The LDC Debt and the Commercial Banks: A Proposed Solution," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 12(3), pages 452-465, March.
    20. van Hombeeck, Carlos Eduardo, 2020. "An exorbitant privilege in the first age of international financial integration?," Journal of International Money and Finance, Elsevier, vol. 101(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • B17 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - International Trade and Finance
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative

    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:ucm:ijohet:v:11:y:2024:i:2:p:77-90. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Águeda González Abad (email available below). General contact details of provider: https://edirc.repec.org/data/feucmes.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.