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Regional Monetary Cooperation in Latin America

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Listed author(s):
  • Ocampo, José Antonio

    (Asian Development Bank Institute)

  • Titelman, Daniel

    (Asian Development Bank Institute)

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    Abstract

    Latin American has the longest history of regional integration efforts in the developing world. This paper analyzes the experience of regional monetary cooperation in Latin America over the past three decades. This experience has been overall successful but also uneven, both in terms of country coverage and services provided. Although strictly not a form of monetary cooperation, development financing does play a useful complementary role by proving counter-cyclical or at least stable financing during crises, when private financing for developing countries dries up.

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    File URL: http://www.adbi.org/files/2012.08.10.wp373.regional.monetary.cooperation.latin.america.pdf
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    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 373.

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    Length: 35 pages
    Date of creation: 13 Aug 2012
    Handle: RePEc:ris:adbiwp:0373
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    Keywords: regional monetary cooperation; latin america; regional integration; development financing;

    Find related papers by JEL classification:

    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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    1. Titelman Kardonsky, Daniel & Machinea, José Luis, 2007. "Less volatile growth?: the role of regional financial institutions," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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    Cited by:

    1. Titelman Kardonsky, Daniel & Vera, Cecilia & Carvallo, Pablo & Pérez Caldentey, Esteban, 2014. "A regional reserve fund for Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Manuel R. Agosin, 2013. "Un Fondo Monetario Latinoamericano: Dimensiones Requeridas y Modalidades," DOCUMENTOS DE DISCUSION FLAR 011017, FONDO LATINO AMERICANO DE RESERVAS - FLAR.

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