Un Fondo de Reservas Regional para América Latina
[A Regional Reserve Fund for Latin America]
This paper analyzes the feasibility, implications and challenges of expanding the current Latin American Reserve Fund (FLAR) to include five other countries: Argentina, Brasil, Chile, México and Paraguay. The paper argues that regional reserve funds should not be conceived as a unique line of defense to confront Balance of Payments difficulties. They are an integral part of a wider set of financial instruments and support mechanisms. They contribute to fill an important gap in the international financial architecture by providing additional lines of defense within a multi-layered system of financial cooperation.
|Date of creation:||20 Oct 2012|
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Web page: https://mpra.ub.uni-muenchen.de
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- Agosin, Manuel R., 2001. "Fortalecimiento de la cooperación financiera regional," Revista CEPAL, United Nations Economic Commission for Latin America and the Caribbean (ECLAC), April.
- Aizenman, Joshua & Edwards, Sebastian & Riera-Crichton, Daniel, 2012.
"Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies,"
Journal of International Money and Finance,
Elsevier, vol. 31(8), pages 1990-2016.
- Joshua Aizenman & Sebastian Edwards & Daniel Riera-Crichton, 2011. "Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies," NBER Working Papers 17692, National Bureau of Economic Research, Inc.
- Aizenman, Joshua & Edwards, Sebastian & Riera-Crichton, Daniel, 2012. "Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies," Santa Cruz Department of Economics, Working Paper Series qt2bq3246m, Department of Economics, UC Santa Cruz.
- C. Randall Henning, 2011. "Coordinating Regional and Multilateral Financial Institutions," Working Paper Series WP11-9, Peterson Institute for International Economics.
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