Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/101256 
Year of Publication: 
2012
Series/Report no.: 
ADBI Working Paper No. 373
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
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.
Subjects: 
regional monetary cooperation
latin america
regional integration
development financing
JEL: 
O23
O54
Document Type: 
Working Paper

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