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Integración Monetaria y Financiera en América del sur y en Asia

Published online by Cambridge University Press:  05 September 2022

Julimar da Silva Bichara ,
André Moreira Cunha  and
Marcos Tadeo Caputi Lélis
Julimar da Silva Bichara
Affiliation:
Universidad Autónoma de Madrid
André Moreira Cunha
Affiliation:
Universidade Federal do Rio Grande do Sul
Marcos Tadeo Caputi Lélis
Affiliation:
Universidade Federal do Rio Grande do Sul, Unisinos
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Partiendo de la discusión reciente sobre la integración económica en dos regiones periféricas, Asia y América del Sur, este artículo evalúa si existen condiciones de convergencia económica en el ámbito de los grupos denominados Asociación de Naciones del Sudeste Asiático más China, Japón y la República de Corea (ASEAN+3, por sus siglas en inglés) y el Mercado Común del Sur (Mercosur), que puedan llevar a una mayor integración monetaria o financiera en ambas regiones. Por una parte, se analizan los aspectos históricos e institucionales de la construcción de los acuerdos de integración regional, destacando los elementos económicos y políticos que están favoreciendo o dificultando un mayor acercamiento económico-financiero entre los países miembros de los dos bloques regionales. Y, por otra, utilizando el referente analítico de la teoría de áreas monetarias óptimas, se estima si ambas regiones obtendrían ventajas al abandonar su autonomía en la gestión macroeconómica, especialmente en lo que se refiere a la política monetaria y cambiaria, a cambio de una adhesión a un sistema monetario coordinado internacionalmente.

Abstract

Abstract

Starting off with the recent discussion on economic integration in two peripheral regions, Asia and South America, this article evaluates whether conditions of economic convergence in the scope of the denominated groups ASEAN+3 and MERCOSUR exist, which could lead to a greater monetary and financial integration in both regions. On one hand, the historical and institutional aspects of the construction of regional integration agreements are analyzed, highlighting the economic and political elements that are helping or impeding a better economic-financial convergence between the member countries of the two regional blocks. While, on the other hand, utilizing the analytic referent of the theory of optimal monetary areas, this article estimates whether both regions could obtain advantages upon abandoning their macroeconomic management autonomy, especially in what one refers to as the monetary and exchange policy, in exchange for an internationally coordinated monetary system.

Type
Research Article
Information
Latin American Research Review , Volume 43 , Issue 1 , 2008 , pp. 84 - 112
Copyright
Copyright © 2008 by the University of Texas Press

Footnotes

*

Los autores agradecen a los tres evaluadores anónimos y también a Santos M. Ruesga, Almudena Briones, Friedrich L. Sell, Pedro Pérez Herrero, Gemma Durán y Marianne L. Wiesebron, por sus valiosos comentarios, críticas y sugerencias. También agradecemos al apoyo del CNPq-Brasil y del Department of Latin American Studies (TCLA, Universiteit Leiden).

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