From “Crypto-Alternatives” to a Regional Unit of Account: Monetary Proposals in Latin America for a Greater Shared Autonomy

Joaquín Arriola and Juan Barredo-Zuriarrain

A chapter in Value, Money, Profit, and Capital Today, 2023, vol. 39, pp 95-114 from Emerald Group Publishing Limited

Abstract: Weak regional commercial and productive integration and monetary dependence on the economic poles are evidence of the consolidation of Latin America's peripheral position in the world economy. This research analyzes different monetary initiatives launched individually or collectively by countries in the region to alleviate this position, such as the petro, the SUCRE, or El Salvador's bet on the legal acceptance of bitcoin as a payment instrument. After identifying some of their limitations, we propose some basis for monetary coordination with which to advance in the dynamization of productivity and trade complementarity of the countries of the region.

Keywords: Money; monetary policy; monetary integration; cryptocurrencies; unit of account; regionalization; alternatives (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rpeczz:s0161-723020230000039007

DOI: 10.1108/S0161-723020230000039007

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