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How could the Bank of the South promote sustainable development and regional monetary integration in Latin America ?

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  • Jean-François Ponsot

    (LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique)

Abstract

Section 1 will present, as a starting point, the regional payments and unit of accounts agreements in Latin America: the Reciprocal Payments and Credits Agreement of the Latin American Integration Association or ALADI, the ‘Peso Andino" set up by the Latin American Reserve Fund (FLAR) and the Payment System on Local Currency agreement (SML) recently launched by Brazil and Argentina. Section 2 will examine the objections arisen against Keynes's plan. It will also emphasise their relevance to the Sucre plan or to any similar plan. Section 3 will focus on the exchange scheme drafted by Keynes and on how to supplement it in order to get over the objections under examination.

Suggested Citation

  • 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.
    • Handle: RePEc:hal:journl:halshs-00402260
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00402260
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    References listed on IDEAS

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    More about this item

    Keywords

    sustainable development; regional monetary integration; Latin America; développement durable; intégration régionale; politique monétaire; monnaie; Amérique Latine;
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