Regional monetary cooperation in Latin America

Produced by: 
Asian Development Bank Institute
Available from: 
August 2012
Paper author(s): 
José Antonio Ocampo
Daniel Titelman
Financial Economics

Latin America 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.


Research section: 
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