Un Fondo de Reservas Regional para América Latina

A Regional Reserve Fund for Latin America

Daniel Titelman, Cecilia Vera, Pablo Carvallo and Esteban Perez Caldentey

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Fondo de reservas; Amaerica Latina; FLAR (search for similar items in EconPapers)
JEL-codes: O1 O16 (search for similar items in EconPapers)
Date: 2012-10-20
New Economics Papers: this item is included in nep-lam
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Related works:
Journal Article: Un fondo de reservas regional para América Latina (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42614

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