Regional Monetary Cooperation in Latin America

35 Pages Posted: 13 Aug 2012

See all articles by José Antonio Ocampo

José Antonio Ocampo

Columbia University - School of International & Public Affairs (SIPA)

Daniel A. Titelman

United Nations - Economic Commission for Latin American and the Caribbean (ECLAC)

Date Written: August 13, 2012

Abstract

Latin American has the longest history of regional integration efforts in the developing world. This paper analyzes the experience of regional monetary cooperation in Latin America over the past three decades. This experience has been overall successful but also uneven, both in terms of country coverage and services provided. Although strictly not a form of monetary cooperation, development financing does play a useful complementary role by proving counter-cyclical or at least stable financing during crises, when private financing for developing countries dries up.

Keywords: regional monetary cooperation, Latin America, regional integration, development financing

JEL Classification: O23, O54

Suggested Citation

Ocampo, Jose Antonio and Titelman, Daniel A., Regional Monetary Cooperation in Latin America (August 13, 2012). ADBI Working Paper No. 373. Available at SSRN: https://ssrn.com/abstract=2128437 or http://dx.doi.org/10.2139/ssrn.2128437

Jose Antonio Ocampo (Contact Author)

Columbia University - School of International & Public Affairs (SIPA) ( email )

420 West 118th Street
New York, NY 10027
United States

Daniel A. Titelman

United Nations - Economic Commission for Latin American and the Caribbean (ECLAC) ( email )

Santiago
Chile

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