{"title":"区域支付协议:货币可兑换的替代方案?","authors":"Marcelo Bruchanski, A. Molinari","doi":"10.15446/cuad.econ.v42n88.102898","DOIUrl":null,"url":null,"abstract":"Regional Payment Agreements (RPAs) replicate, on a regional scale, John M. Keynes’s proposal at the Bretton Woods Conference, based on the recording and subsequent clearing of transactions. The analysis of the three “founding” RPAs from the Golden Age (Finland-USSR, European Payments Union and the LAFTA-LAIA Agreement on Reciprocal Payments and Credits) suggests that, in general, these agreements fulfiled their objectives: saving foreign currency and promoting trade. Hence, RPAs would present an alternative to currency convertibility for current account transactions.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Regional payment agreements: An alternative to currency convertibility?\",\"authors\":\"Marcelo Bruchanski, A. Molinari\",\"doi\":\"10.15446/cuad.econ.v42n88.102898\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Regional Payment Agreements (RPAs) replicate, on a regional scale, John M. Keynes’s proposal at the Bretton Woods Conference, based on the recording and subsequent clearing of transactions. The analysis of the three “founding” RPAs from the Golden Age (Finland-USSR, European Payments Union and the LAFTA-LAIA Agreement on Reciprocal Payments and Credits) suggests that, in general, these agreements fulfiled their objectives: saving foreign currency and promoting trade. Hence, RPAs would present an alternative to currency convertibility for current account transactions.\",\"PeriodicalId\":42391,\"journal\":{\"name\":\"Cuadernos de Economia-Spain\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-04-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Cuadernos de Economia-Spain\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.15446/cuad.econ.v42n88.102898\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"0\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cuadernos de Economia-Spain","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15446/cuad.econ.v42n88.102898","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ECONOMICS","Score":null,"Total":0}
Regional payment agreements: An alternative to currency convertibility?
Regional Payment Agreements (RPAs) replicate, on a regional scale, John M. Keynes’s proposal at the Bretton Woods Conference, based on the recording and subsequent clearing of transactions. The analysis of the three “founding” RPAs from the Golden Age (Finland-USSR, European Payments Union and the LAFTA-LAIA Agreement on Reciprocal Payments and Credits) suggests that, in general, these agreements fulfiled their objectives: saving foreign currency and promoting trade. Hence, RPAs would present an alternative to currency convertibility for current account transactions.
期刊介绍:
Cuadernos de Economía - Spanish Journal of Economics and Finance es una publicación cuatrimestral abierta a la publicación de artículos científicos y de referencia relativos a un gran número de materias relacionadas con el análisis económico, tanto desde una perspectiva teórica como aplicada. Cuadernos de Economía está editada por los departamentos de Teoría Económica de la Universidad Autónoma de Madrid y de la Universidad de Barcelona, y forma parte desde 2011 del grupo de revistas editadas por ELSEVIER. Cuadernos de Economía es una de las revistas españolas más citada en el ámbito de la Economía. Cuadernos de Economía acepta artículos en español y en inglés.