Financing economic development in Latin America: the Banco del Sur

Wesley C. Marshall and Louis-Philippe Rochon

Journal of Post Keynesian Economics, 2009, vol. 32, issue 2, 185-198

Abstract: In this paper, the authors lay out a proposal for the institutional framework for the Banco del Sur. Considering the recent historical experiences of Latin America and the need to promote economic activity based in domestic currencies and channeled through nationally owned banks, the authors suggest that the Banco del Sur be divided into two partsâa regional development bank and a regional central bank that issues a regional currency. Under such a scheme, the region would benefit from greater financial stability while member countries would be afforded the maximum economic sovereignty possible.

Keywords: development; financial architecture; Latin America (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=50R2W78051UH1006 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:mes:postke:v:32:y:2009:i:2:p:185-198

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().