Strengthening regional financial cooperation

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(73/2001)
cepal.docTypeRevistas
cepal.idSade20129
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngTERMS OF TRADE
cepal.topicEngREGIONAL INTEGRATION
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaTÉRMINOS DE INTERCAMBIO
cepal.topicSpaINTEGRACIÓN REGIONAL
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngNATURAL RESOURCES
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaRECURSOS NATURALES
dc.contributor.authorAgosin, Manuel R.
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T18:42:44Z
dc.date.available2014-01-02T18:42:44Z
dc.date.issued2001-04
dc.descriptionIncludes bibliography
dc.description.abstractThe severe international financial crises which rocked the Latin American economies in the 1980s and 1990s suggest that the international financial system suffers from serious defects. This article looks at one of the reforms which has been mooted in recent years: strengthening regional financial cooperation. It concludes that a Latin American fund made up of a modest portion of the reserves of the countries of the region, possibly backed up with contingency credits from the international banking system, could be an effective line of defense against financial crises caused by capital flight and could help to prevent the spread of crises within the region. A fund of this nature could also have other functions, such as providing finance to cope with balance of payments problems associated with temporary slumps in the terms of trade. It would also promote harmonization of the macroeconomic policies of its members, which is an essential condition for achieving more stable bilateral exchange rates and effective regional integration. Such a regional fund would not be a substitute for the International Monetary Fund, but would be complementary to it.
dc.formatTexto
dc.format.extentpáginas. 31-50
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2130-P
dc.identifier.urihttps://hdl.handle.net/11362/10788
dc.language.isoeng
dc.physicalDescriptionp. 31-50
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo73
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngECONOMIC INTEGRATION
dc.subject.unbisEngFINANCIAL CRISIS
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngINTERNATIONAL MONETARY SYSTEM
dc.subject.unbisEngREGIONAL COOPERATION
dc.subject.unbisEngTERMS OF TRADE
dc.subject.unbisSpaCOOPERACION REGIONAL
dc.subject.unbisSpaCRISIS FINANCIERA
dc.subject.unbisSpaINTEGRACION ECONOMICA
dc.subject.unbisSpaRELACION DE INTERCAMBIO
dc.subject.unbisSpaSISTEMA MONETARIO INTERNACIONAL
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.titleStrengthening regional financial cooperation
dc.type.coarrevista
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