Regional currencies and regional monetary zones in Latin America: what prospects ?

Jean-Francois Ponsot and Claude Gnos ()

Post-Print from HAL

Abstract: This paper aims at drawing lessons from Keynes's plan presented at the Bretton Woods conference, in order to help improving current regional monetary agreements in Latin America. Some promoters of the Bank of the South and the New Financial Architecture in Latin America are proposing to implement a regional clearing system designed to allow a multilateral offsetting of the liabilities and assets generated in the reciprocal transactions of member countries in words that the British economist certainly would not have denied. This system would be very different from current regional payments aggreements that maintain an implicit reference to the US dollar as reserve or payment currency.

Keywords: regional monetary zone; monetary agreements; Latin America; zone monétaire; monnaie; politique monétaire; échange international; paiement; Amérique Latine (search for similar items in EconPapers)
Date: 2009-02-27
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00402275v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Eastern Economic Association Annual Conference, Feb 2009, New-York, United States

Downloads: (external link)
https://shs.hal.science/halshs-00402275v1/document (application/pdf)

Related works:
Working Paper: Regional currencies and regional monetary zones in Latin America: whats prospects ? (2010)
Journal Article: Regional currencies and regional monetary zones in Latin America: what prospects? (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00402275

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().