Easing trade costs within Mercosul

Daniel Reiss

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract The paper describes the joint policy of Brazil and Argentina regarding the currency use in bilateral trade. The Local Currency Payment System (SML) framework is investigated as an instrument of reducing trade costs by providing new financial integration mechanisms and its implications according to usual trade issues debate. We cut across different issues related to the SML rationale. Additionally, we describe and analyze the data available for the system showing that the SML use is more common to Brazilian exports than to Argentine ones.

Keywords: international trade; Mercosul; cost reduction; payment system (search for similar items in EconPapers)
JEL-codes: E42 F13 F36 F53 (search for similar items in EconPapers)
Date: 2012-10-23
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42174

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