Quotation Görgl, Daniel, Imhof, Karen, Jäger, Johannes, Leubolt, Bernhard. 2011. The Transformation of Monetary Restrictions: National Strategies and Regional Cooperation in Latin America. VI. International Conference of Critical Geography, Frankfurt a.M., Deutschland, 15.08.-20.08..




The article deals with the question of how South American countries try to stabilize their monetary policies, using specific institutional measures searching to dynamize economic development. We give special emphasis to the role of regional cooperation, and thus, the question of re-scaling after the financial crisis. Using a régulation approach framework, monetary regulation will be viewed as decisive, whether countries adopt a more crisis-prone financialized or a predominantly productive-oriented development regime. Drawing on the empirical examples of Venezuela and Brazil, we analyse to which extent recent developments of regional integration (via Mercosur, ALBA-TCP, Banco del ALBA, SUCRE as reserve currency instead of the Dollar) contribute to changes in monetary regulation. We will show, that important changes have taken place recently in South America, as development regimes now tend to be more productive-oriented. This resulted in less devastating effects of the Global Crisis than in more financialized development regimes. Despite recent efforts towards regional integration, monetary regulation is still mostly dealt with on the national scale, whereas tendencies towards monetary integration within the region are still in an initial phase. Nevertheless, first steps of questioning the Dollar-Wall Street Regime can be observed.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title The Transformation of Monetary Restrictions: National Strategies and Regional Cooperation in Latin America
Event VI. International Conference of Critical Geography
Year 2011
Date 15.08.-20.08.
Country Germany
Location Frankfurt a.M.
URL http://www.geo.uni-frankfurt.de/ifh/Personen/belina/iccg2011/ENG/index.html


Jäger, Johannes (Former researcher)
Leubolt, Bernhard (Former researcher)
Görgl, Daniel (Universität Wien, Institut für Internationale Entwicklung, Austria)
Imhof, Karen (Fachhochschule des bfi Wien, Austria)
Institute for Multi-Level Governance and Development IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5000 Social Sciences (Details)
5119 Development policy (Details)
5211 International relations (Details)
5325 Political economics (Details)
5334 Political economic policy (Details)
5341 Economic policy (Details)
5606 Spatial research (Details)
5618 Regional economy (Details)
5911 Social policy (Details)
5912 Social sciences (interdisciplinary) (Details)
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