6533b859fe1ef96bd12b74d6
RESEARCH PRODUCT
Regional currencies and regional monetary zones in Latin America : what prospects ?
Jean-françois Ponsot Claude Gnossubject
monetary agreementspolitique monétaireéchange internationalAmérique Latinezone monétaireLatin Americamonetary agreementsregional monetary zonezone monétairemonnaiepolitique monétaireéchange internationalpaiementAmérique Latine[SHS.ECO]Humanities and Social Sciences/Economics and Financeregional monetary zoneLatin AmericapaiementmonnaieComputingMilieux_COMPUTERSANDSOCIETY[ SHS.ECO ] Humanities and Social Sciences/Economies and finances[SHS.ECO] Humanities and Social Sciences/Economics and Financedescription
9 p.; 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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2009-02-27 |