Regional payment systems
Fritz, Barbara ;  Biancareli, André ;  Mühlich, Laurissa ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleRegional payment systems
Subtitlea comparative perspective on Europe and the developing world
AuthorFritz, Barbara
AuthorBiancareli, André
AuthorMühlich, Laurissa
InstitutionUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages28 S.
Series Discussion paper / School of Business & Economics ; 2012/10 : Economics
Classification (DDC)337 International economics
AbstractThe current global financial “non-system” is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. The paper focuses on regional payment systems as an initial step of regional monetary cooperation. In order to evaluate their potential contribution to increase macroeconomic stability of the
member countries, we develop a typology of payments systems and systematically compare historic and present initiatives in Europe, Asia and Latin America with reference to the original Keynes Plan.
We show that regional payment systems entail beneficial effects by reducing transaction costs of intraregional trade, and by creating incentives for further macroeconomic cooperation. Their contribution to macroeconomic stabilization however depends on the specific design of the respective regional arrangement.
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FU DepartmentInstitute for Latin American Studies
Other affiliation(s)VWL / Ökonomie Lateinamerikas
Year of publication2012
Type of documentBook
Terms of use/Rights Nutzungsbedingungen
Created at2012-04-27 : 10:04:05
Last changed2015-01-22 : 04:40:51
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000013528