How could the Bank of the South promote sustainable development and regional monetary integration in Latin America ?

Jean-Francois Ponsot

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Abstract: Section 1 will present, as a starting point, the regional payments and unit of accounts agreements in Latin America: the Reciprocal Payments and Credits Agreement of the Latin American Integration Association or ALADI, the ‘Peso Andino" set up by the Latin American Reserve Fund (FLAR) and the Payment System on Local Currency agreement (SML) recently launched by Brazil and Argentina. Section 2 will examine the objections arisen against Keynes's plan. It will also emphasise their relevance to the Sucre plan or to any similar plan. Section 3 will focus on the exchange scheme drafted by Keynes and on how to supplement it in order to get over the objections under examination.

Keywords: sustainable development; regional monetary integration; Latin America; développement durable; intégration régionale; politique monétaire; monnaie; Amérique Latine (search for similar items in EconPapers)
Date: 2009-06-10
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00402260v1
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Published in 3rd Development Conference of the GRES "Sustainable development : what is at stake for the South ?", GREThA, LEREPS, Université Montesquieu, Jun 2009, Bordeaux, France

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