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A New proposal for the Bank of South

Author

Listed:
  • Daniel Munevar

    (School of Public Affairs, University of Texas at Austin)

  • Marcos Jorge Teixeira Reis

    (Centro de Prospectiva Estrategica, Instituto de Altos Estudios Nacionales)

Abstract

This paper seeks to discuss a proposal regarding a new multilateral institution in Latin America, the Bank of South. It presents the original plan of the Bank, made in 2007 and its recent developments stressing the problems faced during its implementation. It concludes presenting a new proposal for the bank to make it better suited to foster the commercial and financial integration of its members. Instead of a standard Multilateral Development Bank as in the current proposal, the authors propose a radically different design for the Bank: National branches making loans in their local currency to SMEs engaged in regional trade. The activities of the national branches of the Bank of South would be supported by private financial institutions, which would undertake the risk assessment process, and by the respective central bank, which would re-discount or securitize the loans provided by the bank.

Suggested Citation

  • Daniel Munevar & Marcos Jorge Teixeira Reis, 2015. "A New proposal for the Bank of South," Documentos de Trabajo CEPROEC 2015_08, Instituto de Altos Estudios Nacionales, Centro de Prospectiva Estratégica.
    • Handle: RePEc:cpe:cpewps:2015_08
    as

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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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