Strengthening regional financial cooperation
Strengthening regional financial cooperation
复制标题
加强区域金融合作
DOI：
10.18356/1f488893-en
复制
发表时间：
2001
期刊：
影响因子：
0.6
通讯作者：
Manuel Agosin
中科院分区：
文献类型：
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作者：
Manuel Agosin
1980年代和1990年代震撼拉丁美洲经济的严重国际金融危机表明，国际金融体系存在严重缺陷。本文探讨了近年来一直在讨论的改革之一：加强区域金融合作。报告的结论是，由该区域各国储备的一小部分组成的拉丁美洲基金，可能得到国际银行系统的应急信贷的支持，可以成为防止资本外逃造成的金融危机的有效防线，并有助于防止危机在该区域内蔓延。这种性质的基金还可以有其他职能，例如提供资金，以科普与贸易条件暂时下降有关的国际收支问题。它还将促进成员国宏观经济政策的协调，这是实现更稳定的双边汇率和有效的区域一体化的必要条件。这样一个区域基金不会取代国际货币基金组织，而是对其进行补充。
The severe international financial crises which rocked the Latin American economies in the 1980s and 1990s suggest that the international financial system suffers from serious defects. This article looks at one of the reforms which has been mooted in recent years: strengthening regional financial cooperation. It concludes that a Latin American fund made up of a modest portion of the reserves of the countries of the region, possibly backed up with contingency credits from the international banking system, could be an effective line of defense against financial crises caused by capital flight and could help to prevent the spread of crises within the region. A fund of this nature could also have other functions, such as providing finance to cope with balance of payments problems associated with temporary slumps in the terms of trade. It would also promote harmonization of the macroeconomic policies of its members, which is an essential condition for achieving more stable bilateral exchange rates and effective regional integration. Such a regional fund would not be a substitute for the International Monetary Fund, but would be complementary to it.