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Financing economic development in Latin America: the Banco del Sur

Author

Listed:
  • Wesley C. Marshall
  • Louis-Philippe Rochon

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.

Suggested Citation

  • Wesley C. Marshall & Louis-Philippe Rochon, 2009. "Financing economic development in Latin America: the Banco del Sur," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(2), pages 185-198, December.
    • Handle: RePEc:mes:postke:v:32:y:2009:i:2:p:185-198
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    Citations

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    Cited by:

    1. Jean-François Ponsot, 2009. "How could the Bank of the South promote sustainable development and regional monetary integration in Latin America ?," Post-Print halshs-00402260, HAL.
    2. Wesley Marshall, 2010. "Banco del Sur and the Need for Downstream Linkages," International Journal of Political Economy, Taylor & Francis Journals, vol. 39(3), pages 81-99.

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