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

Ponsot, Jean-François () and Claude Gnos
Additional contact information
Ponsot, Jean-François: LEPII - Laboratoire d'Économie de la Production et de l'Intégration Internationale - CNRS : UMR5252 - Université Pierre Mendès-France - Grenoble II
Claude Gnos: LEG - Laboratoire d'Economie et de Gestion - CNRS : UMR5118 - Université de Bourgogne

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 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mon
Date: 2009-02-27
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00402275/en/
View list of references

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

Downloads: (external link)
http://halshs.archives-ouvertes.fr/docs/00/40/22/75/PDF/pub09026.pdf (application/pdf)

Related works:
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: http://EconPapers.repec.org/RePEc:hal:journl:halshs-00402275_v1

Access Statistics for this paper

More papers in Post-Print from HAL
Series data maintained by CCSD ().