Financial cooperation initiatives in Latin America: Conditions of origins, subsistence and eventual vanishing

• Authors: Elia Elisa Cia Alves , André Martins Biancarelli

Abstracts

Why do countries engage in Regional Financial Cooperation (RFC) initiatives and why they may give up on them? Under which conditions are those mechanisms born and how may changes aefct their performance? Although comparative studies have been a prolific strategy to investigate RFC the focus on the experiences of a specific region may reveal new insights. eThrefore the aim of this paper is to map the existing RFC mechanisms in Latin America, seeking to identify the demand, supply and conjectural conditions behind the processes of their creation and evolution. ehT theoretical framework provides concepts from International Relations' theories concerning regional institution building. Empirically fourteen Latin American RFC initiatives are surveyed. As a result important variables explaining RFC mechanisms in Latin America are presented in the paper: demand for greater participation (sense of belonging), material and political capacity from a paymaster and macroeconomic coordination.

Keywords

EN

regional financial cooperation; financial institution building; regional institutions

• Publisher: Uniwersytet Ekonomiczny w Poznaniu
• Journal: Economics and Business Review
• Year: 2020
• Volume: 6(20)
• Issue: 4
• Pages: 51-71

Contributors

author

Elia Elisa Cia Alves

author

André Martins Biancarelli

Identifiers

DOI

10.18559/ebr.2020.4.4

Biblioteka Nauki

1806945