000 01007nam a2200133Ia 4500
080 _a01.02.01 U5816
245 _aRegional monetary cooperation and growth-enhancing policies : the new challenges for Latin America and the Caribbean
260 _bUN
_aNew YorkUS
_c2011
300 _aix, 71 p.
520 _aReviews the SUCRE initiative, proposal launched by the members of ALBA (Bolivia, Cuba, Ecuador, Honduras, Nicaragua and Venezuela), aimed at offering members a virual currency, to progressively replace the US dollar as the invoicing currency of intra-regional trade and permitting the use of domestic currencies of the member countries for final clearing and settlement. Concludes that this proposal should be accompanied by more intense efforts of policy coordination, particularly with respect to exchange and interest rates, in order to achieve the expected outcomes in terms of trade, growth and employment.
583 _c10/20/11
_kEVELYND
650 _aECONOMIC COOPERATION
942 _cM
_mU5816
999 _c35200
_d35200