Beyond the original sin: a new regional financial architecture in South America

Alcino F. Camara-Neto and Matías Vernengo
Authors registered in the RePEc Author Service: Alcino Ferreira Camara Neto

Journal of Post Keynesian Economics, 2009, vol. 32, issue 2, 199-212

Abstract: The paper provides an evaluation of the possibilities for a New Regional Financial Architecture (NRFA) in South America within the context of the "original sin." It is argued that conventional explanations of the "impossible trinity" are limited, and that once the geography of money is properly introduced in the analysis, then the trade-offs faced by peripheral countries in South America are deemed to be considerably harsher than those at the center. The paper deals with the pros and cons of the NRFA in reducing the severity of the constraints faced by the countries in the region, and provides some preliminary conclusions about the political viability of the NRFA.

Keywords: financial architecture; impossible trinity; original sin (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=X25433235P55185P (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:199-212

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 ().