The financial arrangements in Latin America to contribute to the shock resistance of member countries
https://doi.org/10.46272/2409-3416-2015-3-91-97
Abstract
The article focuses on financial arrangements and schemes in Latin America insofar they may help countries cope with external vulnerability in trade and capital markets. The Latin America Reserve Fund (FLAR) has been created to cushion liquidity in case of sudden stops in capital flows and trade deficit. The SICAP-ALADI, SUCRE and Mercosur SML are designed to mitigated exchange rate shocks. To strengthen national systems is the common target for these arrangements. Hereof, they sustain business activity and promote growth and structural reforms. To be more pertinent to member-states needs and able to react fast to credit crunches or price movements these institutions have wide scope of instruments.
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Review
For citations:
Khmelevskaya N.G. The financial arrangements in Latin America to contribute to the shock resistance of member countries. Cuadernos Iberoamericanos. 2015;(3):91-97. (In Russ.) https://doi.org/10.46272/2409-3416-2015-3-91-97
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